Indian edtech giant Unacademy is being acquired by rival upGrad in a share-swap deal, a major move in the sector's ongoing consolidation. The acquisition follows a dramatic drop in Unacademy's valuation from $3.5 billion to under $500 million, highlighting the severe market pressures facing the once-booming industry.
Background
India's edtech sector experienced massive growth and investment during the pandemic but has since faced a significant market correction and funding winter.
- Source
- TechCrunch
- Published
- Mar 16, 2026 at 01:19 AM
- Score
- 6.0 / 10