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18 hours ago
upGrad Acquires Unacademy, Jio IPO Buzz & More
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D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
After months of talks and discussions, upGrad has finally signed a term sheet to acquire 100% stake in Unacademy in a share swap deal, with Unacademy’s Gaurav Munjal and upGrad’s Ronnie Screwvala both confirming the news on Sunday.
Munjal will stay on as CEO, and says AI will be central to what comes next for the edtech company, which has gone through some major swings in the past three years.
The Deal: The acquisition covers Unacademy’s full portfolio, including AI-driven learning platform Airlearn, which Screwvala noted is already gaining global traction. Terms weren’t disclosed, but the share swap structure mirrors upGrad’s recent purchase of internship platform Internshala, reportedly valued around ₹100 Cr.
A Long Way From $3.5 Bn: Unacademy was once valued at $3.5 Bn, backed by Tiger Global, SoftBank, and Peak XV, having raised over $830 million in total. Merger talks with Allen, K-12 Techno Services, and upGrad itself previously fell apart over valuation.
Munjal has since acknowledged a realistic valuation figure closer to $500 Mn. In recent months, the company bought back ₹50 Cr in ESOPs and announced an exit from its offline centres — both moves pointing toward a leaner, more capital-efficient model.
upGrad’s Consolidation Play: For upGrad, this is its second acquisition in a month and at least the seventh since 2022. The company has also expressed interest in BYJU’S stressed assets, currently under insolvency proceedings. The pattern is clear: upGrad is positioning itself as the dominant consolidator in a sector still recovering from its pandemic-era excess.
Read the full story here as upGrad looks to consolidate the beleaguered edtech sector…
India is facing a silent epidemic of lifestyle diseases. Traditional healthcare often misses the root causes of such chronic illnesses, leaving patients in a cycle of temporary fixes. Enter Foxo, a longevity platform that uses science to help Indians reclaim their healthspan.
Foxo’s Systems Biology: Founded in 2024, Foxo is a startup focused on proactive longevity. By leveraging systems biology, an approach that views the body as an interconnected network, the startup provides members with a digital twin of their health.
Using biomarkers, and AI-driven modeling, Foxo identifies early warning signs of chronic diseases and offers hyper-personalised lifestyle interventions to maximise a user’s healthspan.
Mapping A Healthier Future: The platform’s backbone is a multidisciplinary clinical team, comprising genomic scholars and nutritionists, which is supported by AI models like Claude. The tech handles the heavy lifting – analysing food logs and biomarker data – so doctors can focus on hyper-personalised coaching.
Foxo’s Business Model: The startup offers two membership plans. While the flagship tier caters to business executives and runs into Lakhs of Rupees, the ₹10,000 Primer membership slab aims to make longevity science accessible to a broader audience. The company claims to have so far onboarded 50 Flagship members, and plans to accept 100 members in the first Primer cohort.
Going forward, the startup aims to experiment with different price points and roll out specialised programmes focused on women’s health and cancer survivors. So, can Foxo flip the script from reactive sick-care to proactive longevity?
AI is increasingly becoming the reason people are losing jobs. From Oracle and Amazon to Livspace and Ola Electric, AI-driven efficiency is accelerating layoffs. Here’s the exhaustive list…
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ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
After months of talks and discussions, upGrad has finally signed a term sheet to acquire 100% stake in Unacademy in a share swap deal, with Unacademy’s Gaurav Munjal and upGrad’s Ronnie Screwvala both confirming the news on Sunday.
Munjal will stay on as CEO, and says AI will be central to what comes next for the edtech company, which has gone through some major swings in the past three years.
The Deal: The acquisition covers Unacademy’s full portfolio, including AI-driven learning platform Airlearn, which Screwvala noted is already gaining global traction. Terms weren’t disclosed, but the share swap structure mirrors upGrad’s recent purchase of internship platform Internshala, reportedly valued around ₹100 Cr.
A Long Way From $3.5 Bn: Unacademy was once valued at $3.5 Bn, backed by Tiger Global, SoftBank, and Peak XV, having raised over $830 million in total. Merger talks with Allen, K-12 Techno Services, and upGrad itself previously fell apart over valuation.
Munjal has since acknowledged a realistic valuation figure closer to $500 Mn. In recent months, the company bought back ₹50 Cr in ESOPs and announced an exit from its offline centres — both moves pointing toward a leaner, more capital-efficient model.
upGrad’s Consolidation Play: For upGrad, this is its second acquisition in a month and at least the seventh since 2022. The company has also expressed interest in BYJU’S stressed assets, currently under insolvency proceedings. The pattern is clear: upGrad is positioning itself as the dominant consolidator in a sector still recovering from its pandemic-era excess.
Read the full story here as upGrad looks to consolidate the beleaguered edtech sector…
India is facing a silent epidemic of lifestyle diseases. Traditional healthcare often misses the root causes of such chronic illnesses, leaving patients in a cycle of temporary fixes. Enter Foxo, a longevity platform that uses science to help Indians reclaim their healthspan.
Foxo’s Systems Biology: Founded in 2024, Foxo is a startup focused on proactive longevity. By leveraging systems biology, an approach that views the body as an interconnected network, the startup provides members with a digital twin of their health.
Using biomarkers, and AI-driven modeling, Foxo identifies early warning signs of chronic diseases and offers hyper-personalised lifestyle interventions to maximise a user’s healthspan.
Mapping A Healthier Future: The platform’s backbone is a multidisciplinary clinical team, comprising genomic scholars and nutritionists, which is supported by AI models like Claude. The tech handles the heavy lifting – analysing food logs and biomarker data – so doctors can focus on hyper-personalised coaching.
Foxo’s Business Model: The startup offers two membership plans. While the flagship tier caters to business executives and runs into Lakhs of Rupees, the ₹10,000 Primer membership slab aims to make longevity science accessible to a broader audience. The company claims to have so far onboarded 50 Flagship members, and plans to accept 100 members in the first Primer cohort.
Going forward, the startup aims to experiment with different price points and roll out specialised programmes focused on women’s health and cancer survivors. So, can Foxo flip the script from reactive sick-care to proactive longevity?
AI is increasingly becoming the reason people are losing jobs. From Oracle and Amazon to Livspace and Ola Electric, AI-driven efficiency is accelerating layoffs. Here’s the exhaustive list…
inc42-1773477610-6c72bb18-da87-4984-9902-4f0840c07975
Unlock special offers and join 10,000+ founders, investors & operators staying ahead in India’s startup economy.
Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the
hottest startup deals, supercharge your innovation projects, and stay updated with expert
curation.
Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn
to validate ideas, acquire customers, secure funding, and navigate the journey to startup
success.
Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence,
understand market landscapes, and decode emerging trends to make informed decisions.
Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful
investors, and keep track of upcoming funds, accelerators, and more.
Join a community of 10,000+ leaders & operators – unlock unlimited access to Inc42 stories,
videos, deals, member-only perks, and more.
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of
40,000+ stories.
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of
40,000+ stories.
Over $250,000 worth deals on software & tools to help your business scale up.
Network with industry leaders & operators with exclusive invites to Inc42’s
member-only virtual events
Enjoy an ad-free and clutter-free
experience as a member, focus on
what really matters to you
Your contribution will go on to
support and empower our unbiased
& data-driven journalism
Join 1000's of entrepreneurs, business leaders & makers and stay ahead with our sharp,
incisive & data-driven analysis on India’s tech and startup economy!
Unlock personalised stories, ad-lite reading, and exclusive newsletters on Inc42.
Tired Of Playing Catchup On Indian Tech?
Stay Ahead. Every Morning at 8
Get The Week’s Most Consequential Developments.
Inc42 In-Depth is your daily 9 PM newsletter with sharp insights from India’s startup economy.
Inc42 Moneyball is your Thursday newsletter on India’s venture capital trends. 4 PM sharp.
Inc42 Markets is your weekly newsletter on tech IPOs & startup stocks. Every Sunday
get access to a list of 200+ family offices betting big on startups
Get access to a list of Alma Mater Of India's Unicorn & Soonicorn Founders
Explore 75,000+ startups, 3,500+ investors, 25,000+ funding rounds and more. Build shortlists and export them instantly.
Login or create a free account to continue reading in private mode.
AI Description
The article discusses the acquisition of Unacademy by upGrad, a significant move in the edtech sector. It also touches on the buzz surrounding Jio's IPO, highlighting key developments in the Indian business landscape.