Unlisted Markets

upGrad Education Private Limited

Consumer Internet · Edtech

Unlisted / private marketUnlistedScreened Candidate
Prospera Indicative PriceIndicative price unavailable

Awaiting a verified source quote. No third-party quote is on record for this company yet, so there is no indicative price to show — and we would rather leave it blank than print a number we cannot stand behind. Our team can confirm the current dealable level directly.

Indicative private-market reference — not an exchange quote. Not investment advice.

Implied valuation
Not available
Revenue growth
Not disclosed
EBITDA margin
Not disclosed
Prospera Score
Not yet scored
Orientation

What the market says, and what we know.

Two separate things, deliberately shown side by side: a sourced private-market price reference, and the depth of research that actually stands behind this company today.

Market reference

No third-party quote has been sourced for this company yet, so there is no market reference to show. Ask us to check the current level and we will come back with what the market is actually doing.

Prospera researchScreened Candidate
  1. Research Universe — availableCatalogued as a strategically relevant private-market company.
  2. Basic Research — availableBusiness and ownership facts verified against primary sources — 2 sourced records on file.
  3. Deep Research — not availableNot started. No financials, no implied valuation and no Prospera Score exist for this company.
  4. Prospera Recommendation — not availableNo Prospera view has been published. Presence in the universe is not a recommendation.
Price history

Indicative Private-Market Price History

Real, dated third-party observations only — plotted where they exist, never interpolated, extended or carried forward. This is a record of private-market sightings, not a live exchange chart.

Price history not available. No dated third-party quotes have been sourced for this company yet.

What the company does

The business, in plain English.

Assembled only from records that exist for this company. Anything not disclosed says so.

Founded
2015
Headquarters
Mumbai, Maharashtra
Sector
Consumer Internet · Edtech
Promoters
Ronnie Screwvala, Mayank Kumar, Phalgun Kompalli

What it does

upGrad operates an online higher-education and professional-upskilling platform offering degree programs, certifications and corporate training, monetizing through program fees and enterprise learning contracts. The company turned EBITDA-positive with about Rs 56.9 crore in EBITDA on revenue of roughly Rs 1,531.7 crore, and is in the process of acquiring rival Unacademy in an all-stock deal to combine K-12, professional and lifelong-learning offerings.

Source: Asia Business Outlook, upGrad valuation and financials coverage

Why it matters

Competes with Byju's (now in insolvency proceedings), Physics Wallah (already listed) and global players like Coursera in Indian online education; the pending Unacademy acquisition would combine two of the sector's largest brands.

Source: Not attributed

Ownership structure

Majority controlled by founder and chairman Ronnie Screwvala; valued at around $1.7 billion after its most recent funding round; the pending all-stock Unacademy acquisition would bring in Unacademy's existing shareholders including SoftBank and General Atlantic as upGrad shareholders

Promoters & principal holders: Ronnie Screwvala, Mayank Kumar, Phalgun Kompalli

Private-market context

Unlisted; recently raised Rs 361 crore led by chairman Ronnie Screwvala himself; pursuing an all-stock acquisition of Unacademy that received Competition Commission of India approval in July 2026; industry watchers view the deal as a scale-up step ahead of a possible future listing

UnlistedPre-IPODRHP FiledPublic

What to understand before investing

  • Unlisted shares can be difficult to sell. There may be no continuous market and no guaranteed buyer at the price you see.
  • Any price shown here is an indicative private-market reference, not an exchange quote and not an executable price.
  • An expected IPO may be delayed, repriced or never happen at all.
  • A good company can still be a poor investment at the wrong valuation.
These are standing characteristics of the asset class, not findings about this company. Company-specific risks appear below only where they have been researched.
Research status

Research is not yet complete for this company.

We would rather say that plainly than publish a page that looks finished.

No financials, no implied valuation and no peer comparison have been researched for this company yet.

No Prospera Private Market Score and no Prospera view exist. Being in our universe is not a recommendation, and we will not manufacture one to fill this space.

What you can rely on above is what has actually been verified: the company's identity and business facts, any sourced price observations on record, and any risks that have been documented. If you want us to prioritise deeper work here, ask — that is genuinely how the queue gets set.

Risk

What could go wrong.

Documented, per-company risks — grouped by the categories the research itself recorded. There is no risk score here, because we do not compute one.

Business

2 recorded risks

The Unacademy deal previously collapsed once in January 2026 over valuation disagreements before being revived, indicating integration and valuation risk even after CCI approval.

Source: Business Standard

Acquiring Unacademy, whose valuation has fallen roughly 85% from its 2021 peak amid a broader edtech downturn, adds integration and turnaround risk to upGrad's own growth story.

Source: Business Standard / TechCrunch
Corporate events

What's happened, and why it matters.

Dated, sourced events only — recorded as they were reported, in reverse order of significance to a private-market holder.

  1. Acquisition7 Jul 2026

    CCI approves upGrad's acquisition of Unacademy

    Clears a major antitrust hurdle for a roughly Rs 2,055 crore (~$218 million) all-stock deal that would create India's largest combined edtech platform, after Unacademy's valuation fell about 85% from its 2021 peak

    Source: Business Standard
Sources & evidence

Everything traceable.

Every figure on this page comes from one of the records below. Where a source published a link, it is here.

FieldSourceAs of
Business DescriptionAsia Business Outlook, upGrad valuation and financials coverageNot disclosed
Competitive PositionNot attributedNot disclosed
Next step

Interested in upGrad Education Private Limited?

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We will come back with the current dealable level, the available lot size and what the process actually involves. Indicative prices shown on this page are private-market references, not executable quotes.