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Unacademy acquired by upGrad for $206M in all-stock deal, 94% below peak
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Unacademy has been acquired by upGrad in an all-stock deal valuing it at about $206 million, roughly 94% below its 2021 peak.
The sale marks a dramatic devaluation for a once-prominent edtech startup, reflecting the post-pandemic collapse in online education demand. Unacademy had cash and near-profitable businesses but chose to join upGrad to reach scale, indicating that even healthy startups may prefer consolidation over independence.
Written by elseif from the cluster below · every claim links back to a sourceThe three things worth knowing
Unacademy sold to upGrad for about $206 million, 94% less than its 2021 peak valuation of $3.44 billion.
The all-stock deal includes Airlearn, PrepLadder, and Graphy, with the Unacademy brand retained and Munjal staying as CEO.
Unacademy had about $94.8 million in cash and annual revenue of roughly $42 million, with most businesses profitable or near-profitable.
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