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The Unacademy-upGrad deal began with an audacious pitch in 2020, says Screwvala
Over lunch at Taj Lands End in Mumbai in 2020, Gaurav Munjal approached Ronnie Screwvala and Mayank Kumar about bringing Unacademy and upGrad together. His idea went further than a merger. Munjal wanted to run the combined company.
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economictimes.indiatimes.com
UpGrad completes Unacademy acquisition for over $200 million - The Economic Times
The 100% share-swap transaction values Unacademy more than 90% below its $3.4-billion peak in 2021. ET first reported on May 4 that the acquisition was in its final stages.
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UpGrad completes Unacademy acquisition; Ultrahuman’s $60 million raise
UpGrad has completed its acquisition of Unacademy, marking the close of a major consolidation in Indias edtech sector. This and more in todays ETtech Top 5.
