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    "headline": "India's Unacademy Sold to Rival upGrad for $206M",
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    "prose": "The transaction value represents a valuation drop of about 94% compared to Unacademy's peak valuation of $3.44 billion in 2021. [^1]\n\nupGrad acquired the Indian edtech startup Unacademy in an all-stock deal valued at approximately $206 million (₹19.55 billion). [^2]\n\nupGrad, led by Ronnie Screwvala, completed its acquisition of Unacademy for over $200 million. [^3]\n\nUnacademy co-founder and CEO Gaurav Munjal stated on X that the deal had closed nearly six months after the transaction was first announced in March. [^4]\n\nUnacademy shareholders received upGrad shares as part of the transaction, while angel investors were cashed out at closing. [^5]\n\nUnacademy founder Gaurav Munjal announced the acquisition on social media, stating the company was sold for just over $200 million. [^6]\n\nUnacademy's peak valuation was $3.44 billion, which is significantly higher than the $200 million sale price. [^7]\n\nUnacademy launched Airlearn, which became one of the top 3 most downloaded language-learning apps globally within two years. [^8]",
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