upGrad seeks CCI approval for Unacademy acquisition
after close1 source ↓written by the desknot a recommendation
- deal valued
- ₹2,055 cr
- from Unacademy’s peak
- 90%
- peak valuation
- $3.4 Bn
- in cash
- ₹900-₹950 cr
upGrad has filed for approval from the Competition Commission of India to acquire Unacademy in an all-stock deal valued at ₹2,055 cr, down 90% from Unacademy’s peak valuation of $3.4 Bn. This acquisition will enable upGrad to enter the online test preparation market and enhance its offerings to users. Unacademy is expected to have ₹900-₹950 cr in cash at closing.
Not investment advice. For informational purposes only.