Unacademy Signs The upGrad Deal
After months of talks and discussions, upGrad has finally signed a term sheet to acquire 100% stake in Unacademy in a share swap deal, with Unacademy’s Gaurav Munjal and upGrad’s Ronnie Screwvala both confirming the news on Sunday.
Munjal will stay on as CEO, and says AI will be central to what comes next for the edtech company, which has gone through some major swings in the past three years.
The Deal: The acquisition covers Unacademy’s full portfolio, including AI-driven learning platform…

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