upGrad Completes Acquisition of Unacademy for Over $200 Million

EdTech major upGrad has finalized the acquisition of Unacademy in a deal valued at slightly over $200 million, marking a major consolidation in the Indian education sector.

The deal, which began with initial discussions in 2020, sees upGrad absorbing Unacademy's assets to strengthen its market position against global competitors.

Founders have noted that while the valuation is a fraction of the company's peak, the merger provides a sustainable path forward for both platforms in a challenging funding environment.