GoKawiilupGrad acquires Unacademy in all-stock deal valuing it at $206M
upGrad has completed an all-stock acquisition of Unacademy, valuing the Bengaluru-based edtech startup at roughly $206 million—about 94% below its 2021 peak valuation of $3.44 billion. CEO Gaurav Munjal confirmed the deal's closing on X, noting that Unacademy shareholders received upGrad shares while angel investors were cashed out.