Home / Business / Business News / Article / UpGrad buys Unacademy for over USD 200 million; nearly 94 per cent lower than its 2021 peak valuation

UpGrad buys Unacademy for over USD 200 million; nearly 94 per cent lower than its 2021 peak valuation

Updated On: 02 September, 2026 09:02 AM IST | New Delhi | PTI

In 2021, Unacademy had raised USD 440 million or about Rs 3,270.8 crore at that time, in funding from a clutch of investors including Temasek, General Atlantic, and Softbank Vision Fund, valuing the edtech major at USD 3.44 billion

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Upgrad. Picture sourced from X.

Upgrad. Picture sourced from X.

UpGrad has completed the acquisition of Unacademy for just over USD 200 million, about 94 per cent off its 2021 peak valuation, with co-founder and CEO Gaurav Munjal acknowledging the steep markdown in a post on LinkedIn.

Munjal wrote that the company became a unicorn (a privately held firm valued at more than USD 1 billion) six years ago. Unacademy had raised capital at its peak valuation but was ultimately sold for a fraction of that amount.

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