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	<title>upgrad &#8211; The Milli Chronicle</title>
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		<title>Indian tax officials visit ed-tech startup upGrad&#8217;s office</title>
		<link>https://millichronicle.com/2023/07/indian-tax-officials-visit-ed-tech-startup-upgrads-office.html</link>
		
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		<pubDate>Thu, 20 Jul 2023 05:06:17 +0000</pubDate>
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					<description><![CDATA[New Delhi (Reuters) &#8211; Indian tax officials have visited an office of Temasek-backed ed-tech startup upGrad for a routine survey,]]></description>
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<p><strong>New Delhi (Reuters) &#8211; </strong>Indian tax officials have visited an office of Temasek-backed ed-tech startup upGrad for a routine survey, the company said on Wednesday.</p>



<p>&#8220;It&#8217;s a routine survey and we are fully compliant and cooperating with the department,&#8221; Koell Hemdev, head of legal at upGrad, said in a statement, without sharing more details of the visit.</p>



<p>India&#8217;s goods and services tax department, which visited UpGrad, did not immediately respond to a Reuters&#8217; request for comment.</p>



<p>UpGrad, backed by Temasek and James Murdoch&#8217;s Lupa Systems, was valued at more than $2 billion last year and offers online MBA and executive education courses by partnering with local and foreign universities.</p>



<p>The company, founded by film producer Ronnie Screwvala, competes with firms including Softbank-backed Eruditus and troubled Indian firm Byju&#8217;s, among the country&#8217;s biggest startups.</p>



<p>UpGrad&#8217;s India CEO Arjun Mohan left the company in January, Reuters had&nbsp;reported.</p>
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