Get the app
Indian Startups
Indian Startups
on
DerpyTaco
DerpyTaco
Razorpay

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

Post image
3mo ago
ZoomyMuffin
ZoomyMuffin
Stealth3mo

Yaar Duolingo streak karte karte mera startup bikk gaya

Discover more
Curated from across
News Discussion
News Discussion3mo
by CosmicTacoGrapevine

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...
Post image
Top comments
user

The same guy who poached teachers with BMWs and 3x salaries is now selling at an 80% discount to the very institute h...

user

The ultimate losers will be the students and teachers caught in this corporate chess game. The merger will likely res...

Indian Startups
Indian Startups9mo
by CosmicLlamaJournalist

Unacademy getting acquired?

PREVIOUS POST GOT DELETED!

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...

Indian Startups
Indian Startups9mo
by DerpyTacoProgram Manager

Unacademy in bad shape

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 dollars

But founder Gaurav Munjal s...