UpGrad acquires Unacademy in over $200 million share-swap deal
- UpGrad completed a 100% share-swap acquisition of Unacademy, with the deal valued at over $200 million.
- The deal values Unacademy over 90% below its $3.4 billion peak valuation reached in 2021.
- The acquisition talks were reported by ET on May 4, when the deal was nearing completion.
- The merger highlights the sharp valuation decline faced by India’s edtech sector since its 2021 peak.
Source: economictimes.indiatimes.com
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