upGrad Acquires Unacademy for Over $200M in Major Edtech Consolidation

2 Sept 2026, 7:30 am · 10d ago · 1 min read · YourStory

Amount

$200M+

Stage

M&A

Higher edtech major upGrad has completed the acquisition of Unacademy for just over $200 million following months of valuation negotiations. The deal marks a steep 90% drop from Unacademy's peak valuation of $3.4 billion recorded during the pandemic boom in 2021. The transaction concludes Unacademy's journey as an independent company while expanding upGrad's scale and test-preparation offerings across India. The steep valuation reset reflects changing investor sentiment and ongoing structural consolidation across the consumer edtech sector as venture-funded startups navigate sustainable growth and profitability targets in a post-pandemic operating environment.