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

In a post on X, Munjal acknowledged that Unacademy’s valuation has fallen sharply from around $3.5 billion in 2021 to under $500 million in recent times.

Temasek-backed upGrad is looking to acquire Unacademy in what may be one of the biggest consolidation moves in India’s edtech sector. While this deal potentially gives upGrad an entry into test prep, ...