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Unacademy sells to rival upGrad for $206M, 94% below peak valuation
Unacademy sold to upGrad for $206M in an all-stock deal, a 94% decline from its $3.4B peak valuation, marking a major Indian edtech
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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.
