Edtech firm upGrad has signed a term sheet to acquire rival Unacademy in an all-stock transaction, founders Ronnie Screwvala and Gaurav Munjal announced in separate posts on X on Saturday. The ...
MUMBAI: The Indian edtech sector may be inching toward another wave of consolidation, with online learning platform upGrad signing a term sheet to acquire rival Unacademy in an all stock transaction.
After months of talks and discussions, upGrad has finally signed a term sheet to acquire 100% stake in Unacademy in a share swap deal, with Unacademy’s Gaurav Munjal and upGrad’s Ronnie Screwvala both ...
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Unacademy to be acquired by upGrad in share-swap deal as India’s edtech sector consolidates
Unacademy, once a one of India’s most valuable edtech startups, is set to be acquired by rival upGrad in an all-stock deal that would bring together two major online learning platforms in the country.
BENGALURU: Edtech firm Upgrad has signed a term sheet to acquire rival Unacademy in an all-stock transaction, founders of the two companies said in separate posts on X on Saturday, marking a ...
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