Share story
Capital

upGrad closes acquisition of Unacademy at $206 million valuation

upGrad closes acquisition of Unacademy at $206 million valuation Image: Primary
upGrad has acquired Indian edtech company Unacademy in an all-stock transaction valuing it at ₹19.55 billion, or about $206 million, TechCrunch reported. Unacademy co-founder and CEO Gaurav Munjal said the deal closed Monday, nearly six months after its March announcement. Existing shareholders receive upGrad shares, while angel investors were cashed out at closing. The deal includes Airlearn, PrepLadder and Graphy; Munjal will remain CEO of the Unacademy business.
Sources
Startups | TechCrunch
Published by Tech & Business, a media brand covering technology and business. This story was sourced from Startups | TechCrunch and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
Capital
Capital

Estuary launches with $93 million Series A for kidney gene therapies

Estuary Biotherapeutics launched Friday with a $93 million Series A led by RA Capital Management to develop gene therapies for autosomal dominant polycystic kidney disease, BioPharma Dive reported. Investors included Alphabet's GV...

BioPharma Dive
Capital
Capital

RapidCanvas raises $29 million to expand enterprise AI delivery

RapidCanvas announced a $29 million Series B funding round led by Vertex Ventures SEA & India on Friday, bringing its total funding to $52.5 million. Hitachi Ventures joined as an investor, alongside existing backers Accel, Peak X...

Mint
Capital Products
Capital Products

Matters raises $5m to pursue AI-powered consumer banking

Stockholm startup Matters has raised $5m in pre-seed funding led by Swedish angel investor Jakob Johansson to build an AI-powered consumer bank. The company will use the money to apply for licences, expand across the EU and grow i...

The Next Web
Robotics Products
Robotics Products

SoftBank considers Allied Universal acquisition as Son explores AI robots

SoftBank Group is considering buying Allied Universal, the largest security services company in the US, Bloomberg reports, citing people familiar with the matter. The consideration comes as founder Masayoshi Son explores deploying...

Bloomberg Technology
Policy Products
Policy Products

UK regulator proposes strategic market status for Microsoft business software

The UK Competition and Markets Authority proposed designating Microsoft as having strategic market status in business software and opened consultation on possible areas for intervention. Its provisional findings identify switching...

Competition and Markets Authority - Activity on GOV.UK