India's Unacademy sells to rival upGrad for $206M, about 94% less than its peak valuation

India's Unacademy sells to rival upGrad for $206M, about 94% less than its peak valuation

"We raised at a peak, but sold at a fraction of that," Unacademy co-founder and CEO Gaurav Munjal wrote. "I'm not going to dress these facts up."

Unacademy sells to rival upGrad for $206M, 94% below peak valuation

The acquisition highlights the volatility in edtech valuations and signals a trend towards consolidation as companies seek strategic synergies. The post Unacademy sells to rival upGrad for $206M, 94% below peak valuation appeared first on Crypto Briefing.