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upGrad files to win CCI nod for Unacademy acquisition worth ₹2,055 crore in all-stock deal

upGrad files to win CCI nod for Unacademy acquisition worth ₹2,055 crore in all-stock deal

upGrad has filed with India’s Competition Commission for approval to acquire Unacademy, sealing an all-stock deal after months of speculation. The merger, expected to be valued around ₹2,055 crore, marks a steep drop from Unacademy’s 2021 peak valuation and is aimed at letting upGrad enter online test preparation. Unacademy is also expected to bring ₹900–₹950 crore in cash at closing. The talks, once paused over valuation mismatch, resumed after a term sheet signed in March.

Summarised by Beize from a story on Inc42 on 14 May 2026
UpGrad and Unacademy file with CCI for merger as deal price shrinks sharply

UpGrad and Unacademy file with CCI for merger as deal price shrinks sharply

UpGrad and Unacademy have applied to India’s CCI for antitrust clearance for their proposed merger. In an all-stock transaction, UpGrad plans to acquire Unacademy, valuing the test-prep firm at Rs 2,055 crore. That figure represents a steep markdown from its 2021 peak, and the companies expect the deal to close in June–July.

Summarised by Beize from a story on The Economic Times on 7 May 2026

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upGrad nears Unacademy deal after 90% valuation cut in all stock offer

upGrad nears Unacademy deal after 90% valuation cut in all stock offer

Edtech giant upGrad is reportedly close to acquiring Unacademy via an all-stock deal valued at about ₹2,055 crore, a steep 90% drop from Unacademy’s 2021 peak acquisition expectations. Sources say CCI approval is sought this week, with Unacademy expected to bring ₹900–₹950 crore in cash at closing. Talks had stalled earlier over valuation mismatch.

Summarised by Beize from a story on Inc42 on 4 May 2026
upGrad targets Unacademy at 90% valuation cut as Fireside doubles down on new Series A bets

upGrad targets Unacademy at 90% valuation cut as Fireside doubles down on new Series A bets

India’s startup funding surged on 4 May 2026, spanning skincare, menstrual wellness, bank locker infrastructure, AI computing, and ethnic wear. Fireside Ventures backed two Series A deals—CHOSEN and Kisah—in one day. Meanwhile, upGrad is reportedly nearing an all-stock Unacademy acquisition at around ₹2,055 crore, roughly a 90% cut from 2021. Aurm and HealthFab also raised Series A rounds.

Summarised by Beize from a story on Startup Talky on 4 May 2026
UpGrad Unacademy deal nears close as India’s private satellite lifts off in same week

UpGrad Unacademy deal nears close as India’s private satellite lifts off in same week

UpGrad is reportedly nearing a deal to acquire Unacademy at a steep 90% discount to its peak valuation, signaling major shakeups in India’s edtech landscape. The development coincides with the launch of India’s largest private satellite, adding a distinctly tech-forward momentum to Monday’s ETtech updates and raising questions about the next wave of disruption.

Summarised by Beize from a story on The Economic Times on 4 May 2026
UpGrad to acquire Unacademy in all stock deal worth about Rs 2055 crore

UpGrad to acquire Unacademy in all stock deal worth about Rs 2055 crore

Upskilling platform UpGrad is set to acquire Unacademy in an all stock deal valued at around ₹2,055 crore, well below Unacademys peak valuation. Unacademy is expected to add substantial cash reserves to the transaction, which is pending approval from the Competition Commission of India. The move signals growing consolidation in Indias edtech market during a post pandemic slump.

Summarised by Beize from a story on The Economic Times on 4 May 2026

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