Huge shakeup in Edtech! upGrad is officially acquiring Unacademy in a massive share swap deal. After months of rumors and failed talks over valuation, it’s finally happening. Ronnie Screwvala and Gaurav Munjal are joining forces, with Munjal staying on as CEO. They’re betting big on AI and Unacademy’s Airlearn to disrupt the space again. It’s a wild move considering Unacademy just pivoted away from its offline centers to a franchise model and did a big ESOP buyback. Is this the consolidation the Indian edtech sector desperately needed or just a survival tactic? Either way, the competition just got a lot tougher. Can AI really save the struggling K-12 and test-prep market? Let's see if this 'capital-efficient' model actually scales or if it's just more hype in a crowded market. Huge news for the ecosystem! #business #technology https://thoxt.com/l/YGCWVA 🔗