Unacademy's valuation has dropped by over 85% from its pandemic-era peak price tag of $3.5 billion, its founder said.

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Unacademy's valuation has plummeted 85% from its $3.5 billion pandemic peak to under $500 million, as confirmed by CEO Gaurav Munjal. The Indian edtech startup is now exploring M&A options, with reports suggesting UpGrad may acquire it for $300-400 million. The company has reduced annual burn from $155.7 million to $19.5 million through layoffs and cost cuts, while facing declining demand as students returned to offline classes and competitors undercut pricing. This mirrors broader edtech struggles in India, where Byju's valuation dropped to zero and entered insolvency, while Physics Wallah turned profitable and went public successfully.

Unacademy’s founder says startup is now worth less than $500M, confirms M&A talks