Acquisition · Education & Skilling

upGrad completes all-stock acquisition of Unacademy Group

By Startup Enthusiast · 1 September 2026

What they do

UpGrad provides higher education, professional upskilling, and study-abroad programs for students and working professionals

The company acquired Unacademy Group in an all-stock transaction valued at over $200 million to enter the test-preparation market

This consolidation merges upGrad's higher education portfolio with Unacademy's competitive exam preparation and consumer-facing learning apps

Higher education platform upGrad has officially completed its acquisition of Unacademy Group.
The transaction is an all-stock deal valued at just over $200 million.
The acquisition brings Unacademy's suite of entities, including PrepLadder, Graphy, and Airlearn, under the upGrad umbrella.
The deal received clearance from the Competition Commission of India in July 2026.
Unacademy co-founder Gaurav Munjal will continue to serve as the CEO of Unacademy following the integration.
All existing Unacademy products, subscriptions, and educator contracts will continue to operate without disruption.

The acquisition marks a significant consolidation in the Indian edtech sector following a post-pandemic market correction.
Unacademy was previously valued at $3.4 billion at its peak in 2021 during the pandemic-era online learning boom.
The deal allows upGrad to expand into the competitive exam preparation market, including UPSC, JEE, NEET, and GATE.

upGrad offers executive programs, certifications, and master's degrees in partnership with universities.
The platform focuses on high-demand fields like Data Science, Artificial Intelligence, and Management.
It provides career support services including placement assistance and study-abroad guidance.
The company serves both individual learners and corporate clients through its enterprise upskilling solutions.
It operates a hybrid model with online courses and campus-based programs.