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The merged entity, valued at around $2.25 billion, will combine upGrad’s higher education strengths with Unacademy’s K-12 and test prep scale.
As per recent media reports, upGrad has signed a term sheet to acquire Unacademy in a 100% share-swap deal, marking a major consolidation in India’s EdTech sector. The merged entity, valued at around $2.25 billion, will combine upGrad’s higher education strengths with Unacademy’s K-12 and test prep scale.
Gaurav Munjal will continue to lead the business, focusing on AI-led learning, as the deal signals a shift toward sustainable, profitability-driven growth.
