DerpyTaco

Allen to buy Unacademy for $800Mn

DerpyTaco · 2024-12-04T09:38:32.243050+05:30

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

Unacademy is in advanced merger talks with Allen Career Institute, potentially dropping its valuation to $800 million
Unacademy is in advanced merger talks with Allen Career Institute, potentially dropping its valuation to $800 million
If finalised, the deal would be one of the largest consolidations in India's edtech sector.
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.
Allen’s interested in Unacademy to spruce up its digital presence and potentially go public as a merged entity