India’s edtech sector is undergoing a quiet but decisive consolidation phase. Last week, Unacademy cofounder Gaurav Munjal announced on X that upGrad had signed a term sheet to acquire a 100% stake in Unacademy.
This is one of the biggest consolidation moves since BYJU’S’ buyout of Aakash for $1 Bn at the peak of the edtech boom in 2021, when pandemic lockdowns forced education online, and venture capital flooded the sector.
The landscape today is a far cry from what it once was.
In the last few years, the edtech sector entered…

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