Monday, 4 May, 2026
UpGrad to Acquire Unacademy in ₹2,055 Crore All-Stock Deal Amid Edtech Slump
By Isha
In a massive consolidation move, upGrad is set to acquire Unacademy for ₹2,055 crore, marking a staggering 90% decline from its 2021 peak valuation of $3.4 billion. The 100% share-swap deal highlights the post-pandemic correction and AI-driven disruption in the edtech sector. While Gaurav Munjal will continue as CEO, the merger allows upGrad to absorb Unacademy’s significant cash reserves.
Read full story at Economic Times