Unacademy acquired by upGrad for $206M, a 94% drop from its peak valuation

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Indian edtech startup Unacademy has been acquired by rival upGrad for approximately $206 million. The deal represents a dramatic fall from Unacademy's peak valuation, which was roughly 94% higher than the current sale price. Unacademy co-founder and CEO Gaurav Munjal openly acknowledged the stark contrast between the company's fundraising highs and its eventual sale price. The acquisition marks a significant consolidation in India's edtech sector, which boomed during the pandemic but has since faced a sharp correction.

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