Unacademy has been sold to rival UpGrad for $206 million, marking a staggering 94% drop from its peak valuation. Co-founder Gaurav Munjal candidly acknowledged the significant loss, stating, 'We raised at a peak, but sold at a fraction of that.' This acquisition highlights the shifting landscape in India's edtech sector, as companies navigate financial challenges and market competition.
⚖️ AI Verdict
"A significant sale in the edtech world, but not the end of the line."
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The new Form 1 for the FAST-DS 2026 is now available on the income tax e-filing portal, enabling eligible taxpayers to disclose foreign assets. This one-time scheme allows declarations until December 31, 2026, making it crucial for small taxpayers to understand their filing process and eligibility. Ensure compliance and take advantage of this opportunity to report foreign income effectively.
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