India, Jan. 8 -- upGrad has dropped its plan to acquire Unacademy due to valuation differences, sources aware of the matter told Inc42.

"The deal fell through as the two parties could not agree on a final valuation," one of the sources said.

According to reports, Unacademy was seeking a valuation of around $300 Mn to $400 Mn for the acquisition. Inc42 could not independently ascertain the valuation that upGrad was willing to offer for the deal.

Unacademy and upGrad didn't respond to Inc42's queries on the development till the time of publishing the story. The story will be updated on receiving a response.

This comes over a month after Unacademy cofounder and CEO Gaurav Munjal confirmed for the first time that the startup was in talks ...