UpGrad Acquires Unacademy for Just Over $200 Million
Edtech firm sold years after reaching a $3.44 billion peak valuation.
Edtech company upGrad has completed its acquisition of Unacademy for just over $200 million. The Indian edtech company Unacademy once reached a peak valuation of $3.44 billion before the transaction. Co-founder Gaurav Munjal reflected on the journey and stated that the deal will benefit the education sector. Mint reported the completion of the acquisition and included Munjal's comments on the path taken by the company. The announcement appeared in a post from the business publication Livemint that linked to their article covering the sale and the change in company value.
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UpGrad Acquires Unacademy for Just Over $200 Million
Edtech firm sold years after reaching a $3.44 billion peak valuation.
Edtech company upGrad has completed its acquisition of Unacademy for just over $200 million. The Indian edtech company Unacademy once reached a peak valuation of $3.44 billion before the transaction. Co-founder Gaurav Munjal reflected on the journey and stated that the deal will benefit the education sector. Mint reported the completion of the acquisition and included Munjal's comments on the path taken by the company. The announcement appeared in a post from the business publication Livemint that linked to their article covering the sale and the change in company value.