UpGrad to finalize Unacademy acquisition valued at ₹1,955 cr

UpGrad is set to complete its acquisition of Unacademy within three weeks, with the deal valued at ₹1,955 cr. Most institutional and angel investors have signed necessary agreements, leaving only final formalities. Following the merger, Unacademy co-founder Gaurav Munjal will remain as CEO, and language platform Airlearn will also be included in the acquisition. 📚

This acquisition marks a significant consolidation in the edtech sector, potentially enhancing UpGrad's market position and expanding its offerings.

Not investment advice. For informational purposes only.