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.
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.
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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.
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.
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