upGrad files for CCI approval to acquire Unacademy
pre-market1 source ↓written by the desknot a recommendation
- valued at approximately
- ₹2,055 cr
- in 2021
- $3.4 Bn
upGrad has sought approval from the Competition Commission of India for its acquisition of Unacademy. The all-stock deal is valued at approximately ₹2,055 cr, significantly down from Unacademy’s peak valuation of $3.4 Bn in 2021. This acquisition will enable upGrad to enter the online test preparation market and enhance its offerings.
Not investment advice. For informational purposes only.