upgrad udacity deal: Upgrad in talks for $100 million to close US edtech Udacity buy
Ronnie Screwvala-led Upgrad Education is in advanced stages of acquiring US online education firm Udacity. People briefed on the matter told ET that the Mumbai-based edtech is also talking to investors to raise up to $100 million, of which about 80% will be used for financing the deal.Screwvala, who owns 22.4% in Upgrad, is likely to invest his personal capital in the new investment round as well, sources said, adding that the company has pitched to external investors for about $50-60 million. The rest would be from…