The Offline Network

AGM 2025 | The State of India’s Tech & Startup Ecosystem | Year-End Live


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We’re closing the year with a live AGM-style recap of what really happened in India’s tech and startup ecosystem in 2025.

🗞️ News We’re Discussing

- Unacademy cuts ESOP exercise window from 10 years to 30 days; M&A talks with UpGrad (~$300M).

- Coursera–Udemy merge in a $930M all-stock deal; combined entity valued at ~$2.5B.

📊 Year-End Wrap-Up

What changed for founders, employees, investors, and operators this year — capital, exits, ESOPs, platforms, and where 2026 feels headed.

No predictions. No hype. Just a clean state-of-the-ecosystem check.

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The Offline NetworkBy The Offline Network