Allen In Talks To Acquire Unacademy At $800 Mn Valuation

Allen, a leading coaching institute, is reportedly in talks to acquire the ed-tech platform Unacademy at a valuation of $800 million. This move signals a significant consolidation in India's education sector, with Allen seeking to expand its online presence. Unacademy, once one of India’s most prominent ed-tech platforms, has faced challenges recently, including funding cuts and a shift in its business model. The acquisition could provide Allen with a stronger foothold in the online learning space, complementing its well-established offline coaching business. The deal reflects the growing trend of traditional education companies diversifying into digital platforms.