UpGrad to finalize Unacademy acquisition valued at ₹1,955 cr
after close1 source ↓written by the desknot a recommendation
- is valued
- ₹1,955 cr
The acquisition of Unacademy by upGrad is nearing completion, expected to close within three weeks. The all-stock deal is valued at ₹1,955 cr, with all institutional and angel investors having signed necessary agreements. Post-acquisition, Unacademy co-founder Gaurav Munjal will remain CEO, and the language learning platform Airlearn will also join upGrad's portfolio. 📚
This acquisition could enhance upGrad's market position in the edtech sector, potentially impacting investor sentiment positively.
Not investment advice. For informational purposes only.