Unacademy Closes UpGrad Acquisition at $200 Million

Unacademy closed its acquisition by UpGrad for just over $200 million, marking a 94% decline from its $3.4 billion peak valuation in 2021, per Entrackr, September 1. This down-round consolidation signals the ed-tech market is consolidating around profitability, not growth; builders should prioritize unit economics over student acquisition at any cost.

Source: Entrackr ↗