Edtech Giants Unacademy, upGrad Acquisition Talks Collapse Over Valuation Differences

• Acquisition talks between edtech firms Unacademy and upGrad have collapsed due to significant valuation differences.
• Moneycontrol reported upGrad was in talks to acquire Unacademy for $300-400 million, a sharp drop from its peak $3.4 billion valuation.
• Unacademy's investors were expected to receive a minority stake in upGrad, which valued itself at around $2 billion.
• Ronnie Screwvala confirmed the disagreement, stating parties could not align on valuation expectations.
• Unacademy, with ₹1,100 crore cash, recently underwent leadership changes and refocused on its core test-prep business after workforce reductions.

Why It Matters: Unacademy and upGrad's acquisition talks failed due to valuation gaps, ending months of negotiations.