Allen Institute held talks to acquire Unacademy valuing edtech firm at $800 million in a cut-price deal: sources

The Bengaluru-based Unacademy, valued at $3.4 billion in 2021, will likely be merged with Allen; founders expected to exit. The edtech company has around $160 million of cash in the bank but revenues have been flat after the highs of Covid-19 even as its pivoted to an offline model.

from Tech-Economic Times https://ift.tt/3TPA2Uy