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Stock impact report

Unacademy to be acquired by upGrad in share-swap deal as India's edtech sector consolidates [TechCrunch]

Duolingo, Inc. - Class A (DUOL) 
Company Research Source: TechCrunch
On Sunday, Unacademy co-founder and CEO Gaurav Munjal in a post on X that the companies had signed a term sheet for upGrad to acquire Unacademy in a 100% share-swap deal, adding that the valuation would not be disclosed until the transaction closes. The announcement comes more than three months after Munjal said that Unacademy's valuation — down roughly 85% from its in 2021. India's once-booming edtech sector has struggled since pandemic-era lockdowns eased, as students returned to classrooms and demand for online test prep and learning platforms cooled. Companies including Unacademy, which expanded aggressively during the pandemic, have since cut costs, scaled back offline ambitions, and refocused on core digital products. In a , upGrad co-founder Ronnie Screwvala said Munjal will continue leading Unacademy after the acquisition, adding that the combination would strengthen upGrad's integrated model spanning K-12 education, upskilling, and lifelong learning. The companies have a Show less Read more
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