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.

Unacademy founders Roman Saini, Gaurav Munjal and Hemesh Singh. SoftBank-backed Unacademy’s losses nearly doubled in FY22 (2021-22) as the edtech startup’s ESOP (employee stock ownership plan) costs ...

Unacademy has managed to control its losses, but its revenue has remained flat. On the other hand, Allen, while profitable, has seen a significant dip in its business due to struggles within the Kota ...