On Tuesday, it was announced that Ronnie Screwvala’s upGrad has finalized the purchase of Gaurav Munjal’s Unacademy in a deal worth $200 million. Reflecting on the sale, Munjal noted that while Unacademy hit unicorn status six years ago and reached a peak valuation of $3.44 billion, the company was ultimately sold for a much smaller amount. The two companies had previously struggled to reach an agreement due to disagreements over the valuation.

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