Economy
upGrad Acquires Ed-tech Platform Unacademy for $200 Million
India Today1h
THE BRIEF
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Ed-tech firm upGrad has acquired rival platform Unacademy in a 100% share-swap deal valued at just over $200 million.
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The acquisition price represents a 94% decline from Unacademy's peak valuation of $3.44 billion reached in 2021.
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Founded in 2015 by Gaurav Munjal, Roman Saini, and Hemesh Singh, Unacademy grew to host one million paid subscribers during the peak of the Covid-19 pandemic.