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2 clusters · 5 sources · 15 days · First seen · Last updated

upGrad corporate growth and acquisition

Overview

The Indian edtech company upGrad has demonstrated significant financial growth and strategic expansion. In FY26, the company reported a 7% year-on-year increase in gross revenue to INR 2,070 crore and an eight-fold increase in Ind-AS EBITDA to INR 123 crore. Additionally, upGrad reported a 52% reduction in net losses compared to the previous year.

Following these financial developments, upGrad completed the acquisition of Unacademy for more than $200 million. This merger, which received regulatory approval from the Competition Commission of India, allows upGrad to expand its business model beyond higher education and professional upskilling into the K-12 and competitive exam preparation sectors, including platforms for UPSC, JEE, NEET, and GATE.

Entities

Competition Commission of India

Timeline

  1. 14 days ago

    [BUSINESS] 5 sources
    upGrad acquires Unacademy for over $200 million

    upGrad has acquired Unacademy for over $200 million, a significant drop from Unacademy’s $3.5 billion peak valuation, allowing upGrad to expand into competitive exam preparation.

  2. 28 days ago

    [BUSINESS] 5 sources
    upGrad reports ₹2,070 crore gross revenue and 8x EBITDA growth in FY26

    upGrad reported FY26 gross revenue of INR 2,070 crore and an eight-fold increase in EBITDA to INR 123 crore, while narrowing its net loss by 52%.

Sources

hindi.pardaphash.com · inc42.com · indianstartupnews.com · sbctv.gr · thecsrjournal.in