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upGrad targets Unacademy at 90% valuation cut as Fireside doubles down on new Series A bets
India
Published on 4 May 2026
The deal values Unacademy far below its boom peak
India’s startup funding surged on 4 May 2026, spanning skincare, menstrual wellness, bank locker infrastructure, AI computing, and ethnic wear. Fireside Ventures backed two Series A deals—CHOSEN and Kisah—in one day. Meanwhile, upGrad is reportedly nearing an all-stock Unacademy acquisition at around ₹2,055 crore, roughly a 90% cut from 2021. Aurm and HealthFab also raised Series A rounds.
- Fireside led two Series A rounds in a single day for CHOSEN and Kisah
- upGrad nears Unacademy acquisition at about ₹2,055 crore after a 90% valuation drop
- Aurm raised ₹42 crore for automated secure locker infrastructure
- HealthFab raised ₹20 crore to scale reusable period underwear and adjacent wellness products
Read the full story at Startup Talky
This summarization was done by Beige for a story published on 
Startup Talky