# upGrad corporate growth and acquisition

> Live situation record from CLSTR: https://clstr.news/situations/upgrad-corporate-growth-and-acquisition
> Updated: 2026-09-01T07:57:14.000Z. Sources: 5. Developments: 2.

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.

## Timeline

### 2026-09-01: 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.

5 sources. https://clstr.news/cluster/upgrad-acquires-unacademy-for-over-200-million

### 2026-08-18: 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%.

5 sources. https://clstr.news/cluster/upgrad-reports-2070-crore-gross-revenue-and-8x-ebitda-growth-in-fy26

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Cite as: upGrad corporate growth and acquisition. CLSTR, https://clstr.news/situations/upgrad-corporate-growth-and-acquisition