upGrad finally moves to acquire Unacademy; CEO Munjal says, ‘We will not disclose valuation until closing’
Ronnie Screwvala co-founded upGrad has begun the process of acquiring Unacademy after signing a term sheet for an all-stock transaction.…
Tag: Unacademy
upGrad To Acquire Unacademy In All-stock Deal; Gaurav Munjal To Remain CEO – BW Disrupt
upGrad To Acquire Unacademy In All-stock Deal; Gaurav Munjal To Remain CEO BW Disrupt Source link
Unacademy to be acquired by upGrad in share-swap deal as India’s edtech sector consolidates | TechCrunch
Unacademy, once a one of India’s most valuable edtech startups, is set to be acquired by rival upGrad in an…
Indian Startup News on Instagram: “Edtech company Unacademy has launched a Rs 50 crore employee stock ownership plan (ESOP) buyback programme to provide liquidity to employees. Announcing the development on X, co-founder and Group CEO Gaurav Munjal said the company’s board had approved carving out a cash pool for employees even though the valuation is “significantly lower than our last fundraise”. According to him, eight employees will earn over Rs 1 crore each through the buyback. Seventeen employees will receive more than Rs 50 lakh, and 38 employees to make over Rs 10 lakh from the exercise. Notably, the company will reach out to eligible employees in the coming weeks. #uncademy #edtech #employees #startup #crorepati #indianstartupnews”
Edtech company Unacademy has launched a Rs 50 crore employee stock ownership plan (ESOP) buyback programme to provide liquidity to…
Former Unacademy executive–founded Emversity raises Rs 271 crore in funding from Premji Invest, others
Emversity, a higher-education embedded training and employability platform, has raised $30 million (Rs 271 crore) in a Series A funding…
Gaurav Munjal Pauses New Startup to Lead Unacademy After upGrad Deal Fails – Outlook Business
Leadership Churn & Founder Exits Unacademy is not alone in seeing senior leadership churn. Across the edtech industry, several prominent…
‘Yes, we are in M&A talks…our valuation is now less than $500 million’: Unacademy’s Gaurav Munjal
Unacademy co-founder and CEO Gaurav Munjal on Wednesday confirmed that the edtech firm is engaged in merger and acquisition (M&A)…
Unacademy’s founder says startup is now worth less than $500M, confirms M&A talks | TechCrunch
Unacademy, once one of India’s best-known edtech startups, may now be worth less than $500 million, 85% less than its…