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Allen to buy Unacademy for $800Mn

  1. Unacademy is in advanced merger talks with Allen Career Institute, potentially dropping its valuation to $800 million

  2. Unacademy is in advanced merger talks with Allen Career Institute, potentially dropping its valuation to $800 million

  3. If finalised, the deal would be one of the largest consolidations in India's edtech sector.

  4. Post-merger, Unacademy's founding team, including Gaurav Munjal, Roman Saini, and Sumit Jain, are expected to leave the company. This follows the departure of CTO Hemesh Singh earlier this year.

  5. Allen’s interested in Unacademy to spruce up its digital presence and potentially go public as a merged entity

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17d ago
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Allen Institute Eyes Unacademy in $800M Acquisition

  • Unacademy is in discussions with Allen Career Institute for a sale valued at $800 million, a significant drop from its $3.4 billion peak valuation.
  • The deal hinges on approval from Allen's promoters, with key negotiations ongoing an...
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The same guy who poached teachers with BMWs and 3x salaries is now selling at an 80% discount to the very institute h...

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Unacademy getting acquired?

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Rumours are floating that Unacademy is getting sold by one of its main investors to another Edtech company in their portfolio for just 400 Million dollars, their last round valuation was 3.5 Billion dollar...