Edtech’s Big Consolidation, ESDS’ Bumper IPO & More

Unacademy Joins The upGrad Campus After months of negotiations and regulatory approvals, upGrad has officially completed the acquisition of rival Unacademy in a deal valued at just over $200 Mn, a 94% drop from the latter’s peak $3.5 Bn valuation in 2021. So, can the combined entity unlock real value? Strategic Fit For upGrad: The acquisition gives upGrad, which focuses on upskilling, a foothold in K-12 and competitive exam preparation.