Ronnie Screwvala’s UpGrad Education's fair value was pegged at $1.7 billion (Rs 15,980 crore) as of February 28, 2026, according to a confidential valuation report filed by the higher education company and seen by ET.
The report comes as UpGrad seeks Competition Commission of India approval for its proposed acquisition of SoftBank-backed Unacademy at less than a tenth of the edtech company’s peak valuation. Earlier this month, ET reported that UpGrad would buy Unacademy for Rs 2,055 crore ($218 million) against its last private market valuation of $3.4 billion .
