upGrad Completes Unacademy Acquisition in Major Edtech Deal
What Happened
upGrad has completed its acquisition of Unacademy in an all-stock deal valued at just over $200 million, ending months of negotiations. The deal expands upGrad’s presence in online test preparation, while Unacademy CEO Gaurav Munjal will continue leading the business.
Key Takeaways
The acquisition marks a major consolidation in India’s edtech sector and highlights the shift from high-growth expansion to scale, profitability and business integration.