Allen In Talks To Acquire Unacademy At $800 Mn Valuation

by · Inc42

SUMMARY

  • Talks of a merger between the two parties have been going on for months but promoters of Allen — the Maheshwari family — have not yet agreed to the deal terms
  • A major sticking point in the negotiations between Allen and Unacademy is how much valuation would the edtech startup command if not for its cash reserves worth $160 Mn
  • Unacademy posted a net loss of INR 1,678.1 Cr on an operating revenue of INR 907 Cr in FY23