upGrad to Acquire Unacademy in Share-Swap Deal Amid India’s Edtech Consolidation

India’s edtech sector faces a major shift as upGrad agrees to acquire Unacademy in an all-stock transaction. The deal follows a significant valuation drop for Unacademy, which fell from $3.5 billion to under $500 million. This consolidation marks a turning point for online learning platforms after a challenging post-pandemic period.