UpGrad to acquire Unacademy at lower Rs 2,000 crore valuation

Upskilling platform UpGrad is set to acquire Unacademy in an all-stock deal valued at ₹2,055 crore, significantly below Unacademy's peak valuation. Unacademy will bring substantial cash reserves to the deal, which is awaiting Competition Commission of India approval. This consolidation marks a significant move in India's edtech sector amidst a post-pandemic slump.