1monon MSN
India’s Unacademy sells to rival upGrad for $206M, about 94% less than its peak valuation
"We raised at a peak, but sold at a fraction of that," Unacademy co-founder and CEO Gaurav Munjal wrote. "I'm not going to dress these facts up." ...
Unacademy CEO Gaurav Munjal said the company chose the upGrad deal despite having Rs 900 crore in cash and the option to continue independently, calling it "the more ambitious path" ...
Unacademy’s acquisition by Ronnie Screwvala-led upGrad has brought the edtech company’s growth journey back into focus, while also turning attention to the entrepreneurs who built it. Among them is ...
Grad acquires Unacademy for over $200 million, reflecting a significant valuation drop from its 2021 peak of $3.44 billion.
Unacademy’s $200 million all-share sale to upGrad is a 94% valuation reset from its 2021 peak and marks the end of India’s ...
1monon MSN
Samay Raina Reacts To Unacademy's $200 Million Sale With A Brutal Joke, Gaurav Munjal Plays Along
Munjal took the joke in good humour, replying on X that you do not need enemies when you have friends like Raina.
Without giving details about the potential consolidation, the cofounder, in a post on X, indicated the startup's willingness to go through the deal if it can lead to a "stronger entity" Over the past ...
upGrad has completed its acquisition of Unacademy for just over $200 million, far below Unacademy’s peak $3.44 billion valuation. Co-founder Gaurav Munjal said the deal will benefit the education ...
Unacademy, one of India's high-profile startups, is undertaking several cost-cutting measures, including salary reduction for founders and shutting down "certain businesses" as it pledges to become ...
Unacademy said on Tuesday that Relevel, its upskilling product, is shifting focus to its tests product and the newly launched LinkedIn-rival NextLevel, the latest in a series of changes from the ...
Unacademy co-founder and CEO Gaurav Munjal said the transaction had closed on September 1, bringing an end to months of on-and-off negotiations between the two companies.
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