upGrad-Unacademy Merger Nears Completion

Edtech major upGrad is in the final stages of acquiring edtech rival Unacademy in a transaction valued at ₹1,955 Cr, with the signing process almost complete, as per sources familiar with the amalgamation deal. A senior executive aware of the development told Inc42, on the condition of anonymity, that almost all institutional investors have signed the share subscription agreement (SSA), while all angel investors have signed the share purchase agreement (SPA). The deal is expected to close within