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UPGRAD ACQUISITION OF UNACADEMY
Policybazaar founder warns of insurance squeeze; IT's buying spreeHappy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. ...- ETtech Deals Digest: Startups raised $1.11 billion in May, up 37% on-yearIndian startups secured approximately $1.1 billion in May, a significant 37% year-over-year increase, driven by Rapido's substantial $240 m...
- ETtech Deals Digest: Startups raise $122 million this week, down 5% on-yearThis week’s tally, however, was down 84% from the previous week when startups raised around $789.8 million, thanks to Rapido’s mega $730 mi...
- Govt’s new ‘law-to-code’ push; UpGrad’s $1.7 billion valuationHappy Wednesday! The government plans to translate legal provisions into software code that enforces compliance by design. This and more in...
- UpGrad value pegged at $1.7 billion as Unacademy deal awaits CCI assentUpGrad's valuation hit $1.7 billion, with a confidential report revealing projected profitability for FY26. The edtech firm plans to acquir...
- AI spooks IT valuations; Groww promoters cut stakeAI has pushed valuations of India’s top IT firms to 2008-09 levels. This and more in today’s ETtech Top 5.
- Unacademy’s test prep CEO Sumit Jain quits ahead of upGrad acquisitionSumit Jain has stepped down from his role in Unacademy, ahead of a potential merger with upGrad Education. Jain, who joined Unacademy in 20...
- PoS terminal supply squeeze; Skyroot CEO on unicorn flightHappy Friday! The point-of-sale (PoS) supply has dried up in India as the West Asia conflict squeezes imports. This and more in today's ETt...
- UpGrad to acquire Unacademy for Rs 2,055 crore, 90% below peak valuationAfter on-again, off-again talks, Ronnie Screwvala-run edtech firm UpGrad is acquiring UpGrad in a cut price deal. UpGrad is also raising an...
- Ronnie Screwvala’s Upgrad to acquire Unacademy in all-stock dealHigher learning firm Upgrad will acquire Unacademy in an all-stock deal, according to the SoftBank-backed test prep company's founder Gaura...
- After failed acquisition talks with Upgrad, Unacademy pivots back to online test prepIn an internal email to employees, cofounder and CEO Gaurav Munjal said Unacademy sharply reduced cash burn in its test prep business in ca...
- Snowflake CEO on AI, search & more; Razorpay joins IPO queueHappy Friday! Snowflake CEO Sridhar Ramaswamy spoke with ET about the impending overhaul of online search due to AI. This and more in today...
- UpGrad pulls out of talks to acquire Unacademy over valuation differencesThe discussions stalled due to differing valuation expectations between the two sides. “The deal talks were officially called off today. Th...
- UpGrad halves losses in FY25, posts 5% topline growthThe higher education and upskilling firm posted a net loss of Rs 274 crore, compared with Rs 560 crore in FY24. Its operating revenue incre...
- UpGrad in talks with Unacademy investors, no deal yet, says Ronnie ScrewvalaRonnie Screwvala, the mind behind UpGrad, has disclosed that he is in talks with Unacademy investors, although a finalized deal isn't on th...
- Vedantu turns unicorn after $100-million fundingVedantu has raised $100 million in a new funding round led by Temasek-backed ABC World Asia, catapulting it into the unicorn club. more inv...
- upGrad acquires edtech startup KnowledgeHut to tap the skilling marketFounded by Subramanyam Reddy in 2011, KnowledgeHut is an edtech company that aims to equip the global workforce with the skills of the futu...
- UpGrad raises $120 million from Temasek at $575-675 million valuationThe online education segment, both K-12 and higher education, has seen a large rush of risk capital following the Covid-19 epidemic.
- Screwvala's upGrad in final negotiations to raise up to $150 millionupGrad entered the test preparation market earlier this week with the acquisition of Bengaluru-based The Gate Academy. It plans to invest o...
- upGrad buys The Gate Academy, to invest Rs 100 crore in test preparation businessBengaluru-based The Gate Academy has over 57 coaching centres and nearly 200,000 learners preparing for the GATE and other entrance tests f...
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