Yes, we are in M&A talks: Unacademy’s Gaurav Munjal

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Yes, we are in M&A conversations, and yes, if we find a win win situation where consolidation can lead to a stronger entity, we will go ahead with this, Unacademy co-founder Gaurav Munjal said in a post on social media platform X on Wednesday, as the edtech firm marked 10 years since its formal launch.

Munjal’s remarks come amid media reports that higher education and skilling platform upGrad is in talks to acquire Unacademy at a valuation of $300 to 320 million, nearly 90% lower than the startup’s peak valuation of about $3.5 billion during the…



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Yes, we are in M&A talks: Unacademy’s Gaurav Munjal


Yes, we are in M&A conversations, and yes, if we find a win win situation where consolidation can lead to a stronger entity, we will go ahead with this, Unacademy co-founder Gaurav Munjal said in a post on social media platform X on Wednesday, as the edtech firm marked 10 years since its formal launch.

Munjal’s remarks come amid media reports that higher education and skilling platform upGrad is in talks to acquire Unacademy at a valuation of $300 to 320 million, nearly 90% lower than the startup’s peak valuation of about $3.5 billion during the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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