Last mentioned: Mar 16, 2026
upGrad has reached an agreement to acquire Unacademy in an all-stock transaction, marking one of the largest consolidations in the Indian EdTech sector. Gaurav Munjal will remain at the helm as CEO, ensuring leadership continuity as the two giants integrate their higher education and test preparation businesses.
In a transformative move for the Indian edtech sector, upGrad has reached an agreement to acquire Unacademy in an all-stock transaction. Gaurav Munjal is set to remain as CEO, signaling a focus on leadership continuity as the two giants integrate their test-prep and professional upskilling ecosystems.
Indian edtech giant upGrad has signed a term sheet to acquire Unacademy in an all-stock transaction, marking the largest consolidation in the sector to date. The merger unites two of India's most prominent unicorns as the industry pivots toward sustainable growth and hybrid learning models.