Signal
Indian edtech startup upGrad closes its acquisition of rival Unacademy in an all-stock deal valuing Unacademy at ~$206M, down from its peak $3.5B valuation
First reported by TechCrunch ·
The signal
●●●●
Compiled by AI from TechCrunch and Techmeme
What happened
"We raised at a peak, but sold at a fraction of that," Unacademy co-founder and CEO Gaurav Munjal wrote. "I'm not going to dress these facts up."
AI-written summary. May contain errors.
Funding Startups
Related
-
Paris-based digital asset data provider Kaiko extends a funding round to $110M led by S&P Global to support 24/7 continuous market data and asset tokenization
bloomberg.com · 3m ago · ●●●○
-
Z.ai says it plans to raise $5B+ via equity and debt to fund its AI investments, including ~$2B through a share placement, after raising $4B in July
wsj.com · 2h ago · ●●●○
-
Sources: Australian data center provider Firmus is seeking to raise up to $5B in an IPO at the end of October, in one of the largest-ever IPOs in Australia
-
Filing: San Jose-based Chinese optical module maker Ligent seeks ~$727M in a Hong Kong IPO, after its rival Zhongji Innolight's $6.8B Hong Kong debut in July
-
The 9 buzziest startups from Y Combinator’s latest Demo Day, according to VCs
techcrunch.com · 16h ago · ●○○○