Edtech giants Upgrad and Unacademy are set to merge in an all-stock deal, a significant consolidation for India’s online education sector. Upgrad founder Ronnie Screwvala confirmed the term sheet signing, with Unacademy CEO Gaurav Munjal to continue leading the merged entity. This move signals a new chapter for both companies after a period of market recalibration.Edtech giants Upgrad and Unacademy are set to merge in an all-stock deal, a significant consolidation for India’s online education sector. Upgrad founder Ronnie Screwvala confirmed the term sheet signing, with Unacademy CEO Gaurav Munjal to continue leading the merged entity. This move signals a new chapter for both companies after a period of market recalibration.
