UpGrad is in talks to acquire Unacademy in a deal valuing the test-prep platform at $300–400 million, according to Moneycontrol. As per the report a term sheet could be signed in three weeks.

Unacademy has managed to control its losses, but its revenue has remained flat. On the other hand, Allen, while profitable, has seen a significant dip in its business due to struggles within the Kota ...