The Unacademy-upGrad deal began with an audacious pitch, recalls Ronnie Screwvala. Meanwhile, a Nasccom study says the engineering research and development (ER&D) services revenue from India is projected to cross $100 billion by 2030, up from $63 billion in FY26, driven by AI.
Dear Reader,
upGrad has wrapped up the acquisition of Unacademy for a little over $200 million.
The deal almost did not happen.
The two companies failed to agree on a valuation early this year.
After months of negotiations, the acquisition is now complete, bringing together two major edtech businesses in the country.
upGrad acquires Unacademy for over $200 million, reflecting a significant valuation drop from its 2021 peak of $3.44 billion.
The 100% share-swap transaction values Unacademy more than 90% below its $3.4-billion peak in 2021. ET first reported on May 4…
After on-again, off-again talks, Ronnie Screwvala-run edtech firm UpGrad is acquiring UpGrad in a cut price deal. UpGrad is also…
UpGrad has completed its acquisition of Unacademy, marking the close of a major consolidation in Indias edtech sector. This and…
"We raised at a peak, but sold at a fraction of that," Unacademy co-founder and CEO Gaurav Munjal wrote. "I'm not going to dress…
UpGrad's valuation hit $1.7 billion, with a confidential report revealing projected profitability for FY26. The edtech firm plans…
upGrad completes Unacademy acquisition at just over $200 million, marking steep valuation reset
UpGrad completes Unacademy acquisition for over $200 million - The Economic Times
UpGrad completes Unacademy acquisition; Ultrahuman’s $60 million raise
India's Unacademy sells to rival upGrad for $206M, about 94% less than its peak valuation | TechCrunch
Unacademy sells to rival upGrad for $206M, 94% below peak valuation
Samay Raina trolls Gaurav Munjal over $200mn Unacademy sale: ‘Could have sold earlier for $3.4 billion’
Restaurants step up food safety; UpGrad seals Unacademy deal
