UpGrad Ditches Unacademy Deal As Valuation Crashes 91% To $290 Million From $3.4 Billion Peak
Published on: Jan. 9, 2026, 11:47 a.m. | Source: Free Press Journal
Edtech firm UpGrad has scrapped its planned acquisition of rival Unacademy, valued at around USD 290 million—a sharp 90% drop from its 2021 peak of USD 3.4 billion. UpGrad cited valuation differences, shrinking business, fierce competition in offline centres, high-profile exits, and the need for massive investments as key reasons. Unacademy
