The two-year partnership will support grassroots entrepreneurs through structured training, mentorship, incubation, investor access and seed funding, with a focus on smaller cities and rural areas
Backed by MEMG, the company is betting on AI, university partnerships and lower acquisition costs while avoiding the high-spend consumer model that hurt several edtech rivals
The initial public offering of Hero Motors received bids for 58.97 crore shares as against 8.86 crore shares on offer. The issue was subscribed 6.66 times.
Unacademy CEO Gaurav Munjal said the company chose the upGrad deal despite having Rs 900 crore in cash and the option to continue independently, calling it "the more ambitious path"
