Yes, we are in M&A talks: Unacademy’s Gaurav Munjal

Yes, we are in M&A conversations, and yes, if we find a win win situation where consolidation can lead to a stronger entity, we will go ahead with this, Unacademy co-founder Gaurav Munjal said in a post on social media platform X on Wednesday, as the edtech firm marked 10 years since its formal launch.

Munjal’s remarks come amid media reports that higher education and skilling platform upGrad is in talks to acquire Unacademy at a valuation of $300 to 320 million, nearly 90% lower than the startup’s peak valuation of about $3.5 billion during the…