UpGrad Drops Acquisition Talks With Unacademy

UpGrad has dropped plans to acquire Unacademy after valuation talks collapsed, UpGrad co-founder Ronnie Screwvala and two people said this week. A November share-swap proposal valued Unacademy at $300–400 million, far below its 2021 $3.4 billion peak; the deal would have given upGrad access to Unacademy's ₹1,000–1,200 crore cash and test-prep assets. The collapse marks another setback in India’s edtech consolidation.
Scoring Rationale
Moderate industry impact due to official confirmation and strategic implications, limited novelty as routine M&A valuation failure in edtech.
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