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upGrad nears Unacademy deal after 90% valuation cut in all stock offer
Startups
Published on 4 May 2026
A deal collapse reversed as valuation shrank
Edtech giant upGrad is reportedly close to acquiring Unacademy via an all-stock deal valued at about ₹2,055 crore, a steep 90% drop from Unacademy’s 2021 peak acquisition expectations. Sources say CCI approval is sought this week, with Unacademy expected to bring ₹900–₹950 crore in cash at closing. Talks had stalled earlier over valuation mismatch.
- upGrad and Unacademy are nearing an all-stock acquisition deal
- Reported valuation is around ₹2,055 crore, about 90% lower than peak
- CCI approval is expected this week for the transaction
- Unacademy may enter the deal with ₹900–₹950 crore cash reserves
Read the full story at Inc42
This summarization was done by Beige for a story published on 
Inc42