importantSYS.SOURCE: TechCrunch• 2026-09-01T13:58:42Z

India's Unacademy Acquired by upGrad at 94% Discount from Peak Valuation

#unacademy #upgrad #edtech #startups #valuation

India's Unacademy was acquired by rival upGrad for $206 million, marking a 94% decline from its 2021 peak valuation of $3.44 billion. The deal includes Unacademy's assets, with the CEO retaining leadership and no layoffs planned, reflecting post-pandemic edtech sector challenges.

"We raised at a peak, but sold at a fraction of that," Unacademy co-founder and CEO Gaurav Munjal wrote. "I'm not going to dress these facts up."

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