Indian tax officials visit ed-tech startup upGrad's office

NEW DELHI, July 19 (Reuters) - Indian tax officials have visited an office of Temasek-backed ed-tech startup upGrad for a routine survey, the company said on Wednesday.

\“Its a routine survey and we are fully compliant and cooperating with the department,\” Koell Hemdev, head of legal at upGrad, said in a statement, without sharing more details of the visit.

Indias goods and services tax department, which visited UpGrad, did not immediately respond to a Reuters request for comment.

UpGrad, backed by Temasek and James Murdochs 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.

The company, founded by film producer Ronnie Screwvala, competes with firms including Softbank-backed Eruditus and troubled Indian firm Byjus, among the countrys biggest startups.

UpGrads India CEO Arjun Mohan left the company in January, Reuters had reported.