upGrad Scraps Unacademy Deal Over Valuation Discrepancy

• Online higher education platform upGrad called off its proposed deal to acquire select assets of edtech firm Unacademy.
• upGrad co-founder Ronnie Screwvala confirmed the deal fell through due to an inability to reach a mutually acceptable valuation.
• Unacademy CEO Gaurav Munjal had previously expressed interest in consolidation opportunities amid business stabilization efforts.
• The scrapped deal comes as upGrad prepares for a potential initial public offering (IPO) within the next 18 months.
• upGrad reported narrowed losses of Rs 273.35 crore in FY25, with revenue from operations rising 5.5% to Rs 1,569.3 crore.

Why It Matters: upGrad and Unacademy's potential deal collapses due to a significant valuation mismatch.