6don MSN
Unacademy to be acquired by upGrad in share-swap deal as India’s edtech sector consolidates
The deal comes after Unacademy’s valuation plunged from $3.5B to under $500M, as India’s once-booming edtech sector struggles.
The deal between upGrad and Unacademy brings together two of India’s most prominent edtech platforms at a time when the sector is grappling with slower growth and tighter capital availability.
Edtech major upGrad has signed a term sheet to acquire rival Unacademy in an all-stock transaction, a move that could mark ...
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