New Delhi: Income Tax officials have visited a Temasek-backed office Ed-Tech Startup Upgrade For a routine survey, the company said on Wednesday.
“This is a routine survey and we are fully complying and cooperating with the department,” Koel Hemdev, legal head of Upgrade, said in a statement without sharing more details about the visit.
India’s Goods and Services Tax Department, which visited the upgrade, did not immediately respond to a Reuters request for comment.
upgrade, supported by temasek And James Murdoch’s Lupa Systems was valued at more than $2 billion last year and offers online MBA and executive education courses in partnership with local and foreign universities.
Company founded by filmmaker Ronnie ScrewvalaOne of the country’s biggest startups, it competes with companies including SoftBank-backed Eruditus and troubled Indian firm Byju’s.
Reuters had reported that Arjun Mohan, the India CEO of Upgrade, had left the company in January.
“This is a routine survey and we are fully complying and cooperating with the department,” Koel Hemdev, legal head of Upgrade, said in a statement without sharing more details about the visit.
India’s Goods and Services Tax Department, which visited the upgrade, did not immediately respond to a Reuters request for comment.
upgrade, supported by temasek And James Murdoch’s Lupa Systems was valued at more than $2 billion last year and offers online MBA and executive education courses in partnership with local and foreign universities.
Company founded by filmmaker Ronnie ScrewvalaOne of the country’s biggest startups, it competes with companies including SoftBank-backed Eruditus and troubled Indian firm Byju’s.
Reuters had reported that Arjun Mohan, the India CEO of Upgrade, had left the company in January.