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upGrad files to win CCI nod for Unacademy acquisition worth ₹2,055 crore in all-stock deal

upGrad files to win CCI nod for Unacademy acquisition worth ₹2,055 crore in all-stock deal

upGrad has filed with India’s Competition Commission for approval to acquire Unacademy, sealing an all-stock deal after months of speculation. The merger, expected to be valued around ₹2,055 crore, marks a steep drop from Unacademy’s 2021 peak valuation and is aimed at letting upGrad enter online test preparation. Unacademy is also expected to bring ₹900–₹950 crore in cash at closing. The talks, once paused over valuation mismatch, resumed after a term sheet signed in March.

Summarised by Beize from a story on Inc42 on 14 May 2026
Canvas maker Instructure reaches deal with hackers after two breaches

Canvas maker Instructure reaches deal with hackers after two breaches

Instructure, the company behind Canvas school software, says it has reached an agreement with hackers who breached its systems twice. The company did not provide assurances that the attackers will not release stolen data or honor any promises made. With the incident still clouded, schools and users may be left waiting for clearer outcomes.

Summarised by Beize from a story on TechCrunch on 12 May 2026

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Adda247 cuts 20% staff ahead of IPO as exam categories shut and faculty roles shift

Adda247 cuts 20% staff ahead of IPO as exam categories shut and faculty roles shift

Google-backed edtech Adda247 has laid off about 20% of its workforce, roughly 200 employees, as part of a restructuring ahead of its planned IPO in the next 12–18 months. The cuts affected teams across product, design, content and test prep, including CUET and teaching roles like UPSC and judiciary. The company expects annual savings of around ₹5 crore while saying growth remains steady in core areas.

Summarised by Beize from a story on Inc42 on 11 May 2026
Google backed Adda247 cuts 20% staff as revenue growth slows and IPO nears

Google backed Adda247 cuts 20% staff as revenue growth slows and IPO nears

Edtech firm Adda247, backed by Google, has cut its workforce by 20% as revenue growth slows. The company says the move is aimed at reducing costs and streamlining operations while it prepares for a planned IPO. Employees in product and content verticals were impacted, and Adda247 says it remains committed to supporting affected staff.

Summarised by Beize from a story on The Economic Times on 11 May 2026
UpGrad and Unacademy file with CCI for merger as deal price shrinks sharply

UpGrad and Unacademy file with CCI for merger as deal price shrinks sharply

UpGrad and Unacademy have applied to India’s CCI for antitrust clearance for their proposed merger. In an all-stock transaction, UpGrad plans to acquire Unacademy, valuing the test-prep firm at Rs 2,055 crore. That figure represents a steep markdown from its 2021 peak, and the companies expect the deal to close in June–July.

Summarised by Beize from a story on The Economic Times on 7 May 2026
SpeEdLabs embeds competitive exam coaching inside schools to expand access in smaller towns

SpeEdLabs embeds competitive exam coaching inside schools to expand access in smaller towns

SpeEdLabs is taking test preparation out of standalone coaching centers and embedding it directly into school systems. The approach targets students in smaller towns by aiming to deliver quality competitive-exam support at more affordable costs. By working through schools, the startup hopes to widen access, reduce barriers, and make structured exam readiness a part of everyday learning.

Summarised by Beize from a story on The Economic Times on 6 May 2026

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Dream Sports Launches Dream Street SEBI Registered Platform as Jurisphere and MHYTH Secure Big Funding

Dream Sports Launches Dream Street SEBI Registered Platform as Jurisphere and MHYTH Secure Big Funding

Indian startup funding heats up as legal AI platform Jurisphere raises ₹21 crore and luxury innerwear brand MHYTH secures ₹5 crore. Bengaluru’s Vobiz.ai bags ₹8.4 crore, while dairy major Milky Mist pulls in ₹482 crore pre-IPO funding. In business news, Dream Sports launches SEBI-registered stock broking platform Dream Street, adding trading features and an AI assistant to capture new investors.

Summarised by Beize from a story on Startup Talky on 6 May 2026
upGrad nears Unacademy deal after 90% valuation cut in all stock offer

upGrad nears Unacademy deal after 90% valuation cut in all stock offer

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.

Summarised by Beize from a story on Inc42 on 4 May 2026
upGrad targets Unacademy at 90% valuation cut as Fireside doubles down on new Series A bets

upGrad targets Unacademy at 90% valuation cut as Fireside doubles down on new Series A bets

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.

Summarised by Beize from a story on Startup Talky on 4 May 2026
UpGrad Unacademy deal nears close as India’s private satellite lifts off in same week

UpGrad Unacademy deal nears close as India’s private satellite lifts off in same week

UpGrad is reportedly nearing a deal to acquire Unacademy at a steep 90% discount to its peak valuation, signaling major shakeups in India’s edtech landscape. The development coincides with the launch of India’s largest private satellite, adding a distinctly tech-forward momentum to Monday’s ETtech updates and raising questions about the next wave of disruption.

Summarised by Beize from a story on The Economic Times on 4 May 2026

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UpGrad to acquire Unacademy in all stock deal worth about Rs 2055 crore

UpGrad to acquire Unacademy in all stock deal worth about Rs 2055 crore

Upskilling platform UpGrad is set to acquire Unacademy in an all stock deal valued at around ₹2,055 crore, well below Unacademys peak valuation. Unacademy is expected to add substantial cash reserves to the transaction, which is pending approval from the Competition Commission of India. The move signals growing consolidation in Indias edtech market during a post pandemic slump.

Summarised by Beize from a story on The Economic Times on 4 May 2026
Shark Tank backed Scholly founder sues Sallie Mae over termination and student data claims

Shark Tank backed Scholly founder sues Sallie Mae over termination and student data claims

Chris Gray, founder of Shark Tank backed Scholly, is suing acquirer Sallie Mae for wrongful termination. He also alleges the company is selling student data through a subsidiary, a claim Sallie Mae denies while vowing to fight. The lawsuit raises fresh questions about how student information is handled after acquisitions.

Summarised by Beize from a story on TechCrunch on 28 Apr 2026
Billionaire Byju’s fight turns personal as Ranjan Pai and Ronnie Screwvala clash over assets

Billionaire Byju’s fight turns personal as Ranjan Pai and Ronnie Screwvala clash over assets

What began as a likely win for Ranjan Pai in the battle over Byju’s assets has escalated into a high-stakes billionaire showdown. Ronnie Screwvala’s sudden entry turns a perceived walkover into a contested fight, with both investors bringing significant education-linked interests. The outcome could reshape control of assets tied to the collapsed ed-tech giant.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
CuePilot AI bags 1.8 million to automate preschools with voice-first assistants

CuePilot AI bags 1.8 million to automate preschools with voice-first assistants

CuePilot AI, a voice-first preschool management platform, has raised $1.8 million in pre-seed funding to boost its AI and expand globally. The company says its system automates 80% of administrative tasks for preschools, aiming to reduce paperwork and free teachers to focus more time on children.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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AITS raises 4 million pre series A to rapidly expand Rysen School network

AITS raises 4 million pre series A to rapidly expand Rysen School network

AITS has raised $4 million in a pre-series A round led by Big Capital and Redbrook Fund to expand the Rysen School network across India. The funding is aimed at accelerating growth while reinforcing the startup’s future-ready, technology-integrated learning approach. The deal underscores rising investor interest in scalable education platforms.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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