Indian edtech startup upGrad plans to acquire rival Unacademy in an all-stock deal; Unacademy was valued at less than $500M in 2025, down 85% from $3.5B in 2021
TechCrunch Jagmeet Singh
Related Coverage
- Upgrad, Unacademy betting on AI to disrupt edtech The Economic Times
- Ronnie Screwvala's Upgrad to acquire Unacademy in all-stock deal The Economic Times
- upGrad signs term sheet to acquire Unacademy in all-stock deal MediaNews4U
- upGrad set to acquire Unacademy in deal with break fee clause Entrackr · Shashank Pathak
- upGrad inches closer to acquiring Unacademy Fortune India · Rukmini Rao
- upGrad to acquire Unacademy in all-stock deal; Gaurav Munjal to continue as CEO BMI
- Indian edtech startup upGrad in 100% share swap for Unacademy Tech in Asia · Minh Le
- India's upGrad to acquire rival Unacademy in 100% share swap deal DealStreetAsia · Mars W. Mosqueda Jr
- ‘The whole is bigger than...’: upGrad to acquire Unacademy in all-stock deal Business Today
- Upgrad signs term sheet to acquire Unacademy in all-stock deal Times of India · Supriya Roy
- upGrad To Acquire Unacademy In Share Swap Deal Inc42 · Debarghya Sil
- Upgrad to acquire Unacademy in all-stock deal Hindustan Times
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- Ronnie Screwvala's UpGrad To Buy SoftBank, Tiger Global-backed Unacademy VCCircle · Malvika Maloo
- India's upGrad acquires Unacademy in all-stock deal Reuters · Disha Mishra
Discussion
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Gaurav Munjal
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Unacademy and upGrad have signed a term sheet for upGrad to acquire Unacademy in a 100% share swap deal. Neither side will disclose the valuation until closing, when the papers are filed and the transaction becomes public. In the last one year, a lot has happened at Unacademy: