Mumbai: Unacademy has changed its employee stock option (ESOP) rules for former employees. Earlier, employees who left the ...

This comes as the edtech firm negotiates a potential all-stock sale to UpGrad, reported first by Moneycontrol, while restructuring its leadership and grappling with a sharp markdown ...

Unacademy emphasised that this amendment is a one-time opportunity for former employees to achieve parity with equity shareholders.

In a post on X, Munjal acknowledged that Unacademy’s valuation has fallen sharply from around $3.5 billion in 2021 to under $500 million in recent times.

Temasek-backed upGrad is looking to acquire Unacademy in what may be one of the biggest consolidation moves in India’s edtech sector. While this deal potentially gives upGrad an entry into test prep, ...

UpGrad is in talks to acquire Unacademy in a deal valuing the test-prep platform at $300–400 million, according to Moneycontrol. As per the report a term sheet could be signed in three weeks.

UpGrad, promoted by film producer-turned-entrepreneur Ronnie Screwvala, is said to be in talks to acquire rival Unacademy at a fraction of its last-known valuation. The deal would mark be one of the ...

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Indian edtech giant Unacademy is laying off about 250 employees. This is the latest in a series of job cuts at the company after schools reopened across the country following the pandemic lockdowns.