upGrad's acquisition of test-prep provider Exampur may hit roadblock

Disagreement over valuation of Noida-based company which wants more from the deal, says source

Edtech unicorn upGrad’s acquisition of Exampur, a test-prep provider for government jobs, may hit a roadblock. The two companies are re-evaluating the transaction and the acquisition may not materialise, according to sources.

One person said that upGrad is an enterprise-oriented firm, while Exampur wanted to continue focusing on test preparation. "Due to this there is an issue of alignment," said a person aware of the matter.

“Exampur founders may back out from the deal. “There was a disagreement related to valuation, where Exampur was asking for a market valuation of Rs 200 crore and upGrad agreed to Rs 125 crore,”