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Allen Institute held talks to buy edtech firm Unacademy at $800m valuation: report

Allen Institute held talks to buy edtech firm Unacademy at $800m valuation: report

(From left to right) Unacademy founders Roman Saini, Hemesh Singh and Gaurav Munjal. Photo: Company website

Softbank-backed edtech startup Unacademy has held extended discussions with offline test preparation centre Allen Career Institute for a potential sale that could value the edtech firm at $800 million, or less than a quarter of its peak valuation of $3.4 billion, The Economic Times reported on Wednesday, citing people in the know.

Edited by: Pramod Mathew

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