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The Briefing: upGrad Raises $120M, Mighty Networks Nabs $50M, And More

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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India’s upGrad raises $120M for edtech

Indian edtech startup upGrad reportedly raised $120 million in a new funding round backed by Singapore’s Temasek.

The financing set a reported valuation of between $575 million and $675 million for the 6-year-old, Mumbai-based company, which describes itself as an online higher-education company, with focuses in areas including data technology and management.

— Joanna Glasner

Funding rounds

Mighty Networks picks up $50M: Mighty Networks, an online platform for creators and brands to build communities, raised $50 million in a  Series B round led by Owl Ventures. The Palo Alto-based company says it wants to work toward “building a new creator middle class founded on community memberships, events, and live online courses.”

UK’s Cuckoo gets $6M for broadband: Cuckoo, a U.K. broadband provider, raised $6 million in a funding round led by RTP Global. The London-based company offers fix-rate month-to-month contracts for high-speed internet service.

— Joanna Glasner

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Health care

CareRev lands $50M: CareRev, a labor marketplace platform that connects hospitals and health systems with local health care professionals on demand, announced a $50 million Series A financing round led by Transformation Capital. Los Angeles-based CareRev enables hospitals and other health care facilities to post shifts when they need clinical support, and local, vetted health care professionals can claim the shifts through their mobile app.

— Christine Hall

E-commerce

Package Free inks $8M: Zero-waste lifestyle store Package Free, headquartered in New York, received $8 million in an investment round led by Vanterra Accelerator Fund and Naadam. The capital will go toward growth and strategic resources, according to Vanterra.

— Christine Hall

Illustration: Dom Guzman

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Source: https://news.crunchbase.com/news/briefing-4-26-21/

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