upGrad Weighs Potential Acquisition of Unacademy at Significantly Reduced Valuation

upGrad Finalizes Acquisition of Unacademy at Significantly Lower Valuation

Key Highlights:

• upGrad has completed its acquisition of Unacademy, a major development in the edtech sector.
• The acquisition price is reportedly a significant markdown from Unacademy's 2021 valuation.
• The valuation at which the acquisition was finalized is more than 90% lower than Unacademy's 2021 valuation.
• The final acquisition price is also lower than what upGrad was initially willing to accept in previous negotiations.

Details of the Acquisition:

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The acquisition of Unacademy by upGrad marks a significant milestone in the edtech sector, with upGrad emerging as a major player in the market. The acquisition price, although lower than expected, is still a strategic move by upGrad to expand its presence in the edtech space. The exact valuation at which the acquisition was finalized is not disclosed, but it is reported to be more than 90% lower than Unacademy's 2021 valuation.