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2d ago
How the Unacademy-upGrad deal unfolded; Why AI could push India’s ER&D revenue past $100B
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Dear Reader,upGrad has wrapped up the acquisition of Unacademy for a little over $200 million. The deal almost did not happen. The two companies failed to agree on a valuation early this year. After months of negotiations, the acquisition is now complete, bringing together two major edtech businesses in the country. The final deal value is more than 90% lower than Unacademy’s peak valuation of $3.4 billion in 2021. The steep reset reflects how investor expectations for consumer edtech
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