If completed, the deal would value Unacademy at more than 90% below its peak valuation of USD 3.4 billion in 2021.
The merged entity, valued at around $2.25 billion, will combine upGrad’s higher education strengths with Unacademy’s K-12 and test prep scale.
The details about the valuation will be disclosed only after the deal is finalised and formally filed.
The move follows a leadership change at Unacademy, with Co-founder Sumit Jain leading test preparation and Gaurav Munjal and Roman Saini independently ...
Thank you for subscribing. Stay tuned for updates.
For hassle-free instant subscription, just give your number and email id and our customer care agent will get in touch with you
or Click here to Subscribe Online
Share your email address to get latest update from the industry