Overview
- The transaction closed on Tuesday, September 1, 2026, as an all‑stock, 100 percent share‑swap that values Unacademy at just over $200 million.
- The sale represents a roughly 94 percent decline from Unacademy’s 2021 peak valuation of about $3.4–$3.5 billion, underscoring a sectorwide valuation reset after the pandemic boom.
- Under the terms, Unacademy shareholders receive upGrad stock while some early angel investors were paid out in cash at closing.
- Gaurav Munjal will remain CEO of Unacademy and the deal transfers the Unacademy group — including PrepLadder, Graphy and Airlearn — into upGrad with the Unacademy brand retained.
- Company statements say Unacademy had about ₹400 crore in annual revenue and roughly ₹900 crore in cash, and its leadership frames the sale as a strategic combination that broadens upGrad’s product footprint and could reshape competition in Indian edtech.