Indian startups secured approximately $1.1 billion in May, a significant 37% year-over-year increase, dri ...More

Indian startups secured approximately $1.1 billion in May, a significant 37% year-over-year increase, driven by Rapido's substantial $240 million funding round. While overall capital raised surged, the number of funding rounds saw a decline compared to the previous year. Late-stage deals dominated the funding landscape, accounting for the majority of the capital deployed. ...Less

Ashish Dave, formerly of Mirae Asset Venture Investments, is launching Sanskrit Capital. The new fund aim ...More

Ashish Dave, formerly of Mirae Asset Venture Investments, is launching Sanskrit Capital. The new fund aims for Rs 700-1,000 crore. It will invest in Series B and C startups. This move is part of a trend of seasoned investors starting independent funds. Sanskrit Capital will focus on fintech, consumer internet, logistics, healthcare, and enterprise AI. ...Less

Sumit Jain has stepped down from his role in Unacademy, ahead of a potential merger with upGrad Education ...More

Sumit Jain has stepped down from his role in Unacademy, ahead of a potential merger with upGrad Education. Jain, who joined Unacademy in 2020, will continue as an advisor. His departure follows the companies filing for merger approval with the Competition Commission of India. ...Less

Happy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the ...More

Happy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. This and more in today’s ETtech Morning Dispatch. ...Less

PhysicsWallah is shifting its K-12 expansion strategy to an asset-light, online-led model, moving away fr ...More

PhysicsWallah is shifting its K-12 expansion strategy to an asset-light, online-led model, moving away from capital-intensive school operations. This pivot aims to reassure investors by focusing on school partnerships and online platforms, while limiting K-12 revenue contribution to less than 1%. ...Less

UpGrad's valuation hit $1.7 billion, with a confidential report revealing projected profitability for FY2 ...More

UpGrad's valuation hit $1.7 billion, with a confidential report revealing projected profitability for FY26. The edtech firm plans to acquire Unacademy for Rs 2,055 crore, a fraction of its peak value. Aggressive growth is anticipated through acquisitions, international expansion, and new initiatives, supported by significant cost-cutting measures. ...Less

AI has pushed valuations of India’s top IT firms to 2008-09 levels. This and more in today’s ETtech Top 5 ...More

AI has pushed valuations of India’s top IT firms to 2008-09 levels. This and more in today’s ETtech Top 5. ...Less

This week’s tally, however, was down 84% from the previous week when startups raised around $789.8 millio ...More

This week’s tally, however, was down 84% from the previous week when startups raised around $789.8 million, thanks to Rapido’s mega $730 million round. ...Less

Happy Wednesday! The government plans to translate legal provisions into software code that enforces comp ...More

Happy Wednesday! The government plans to translate legal provisions into software code that enforces compliance by design. This and more in today's ETtech Morning Dispatch. ...Less

Edtech firms UpGrad and Unacademy have filed for antitrust clearance with the CCI for their proposed merg ...More

Edtech firms UpGrad and Unacademy have filed for antitrust clearance with the CCI for their proposed merger. UpGrad will acquire Unacademy in an all-stock deal, valuing the test-prep startup at Rs 2,055 crore, a significant markdown from its 2021 peak. The transaction is anticipated to close in June-July. ...Less

After on-again, off-again talks, Ronnie Screwvala-run edtech firm UpGrad is acquiring UpGrad in a cut pri ...More

After on-again, off-again talks, Ronnie Screwvala-run edtech firm UpGrad is acquiring UpGrad in a cut price deal. UpGrad is also raising an internal round of approximately Rs 375 crore from existing backers such as Temasek, which is a common investor across both companies, as per people in the know. ...Less

Happy Monday! Upgrad is set to acquire Unacademy at a 90% markdown of its peak valuation. This and more i ...More

Happy Monday! Upgrad is set to acquire Unacademy at a 90% markdown of its peak valuation. This and more in today's ETtech Morning Dispatch. ...Less

Happy Friday! The point-of-sale (PoS) supply has dried up in India as the West Asia conflict squeezes imp ...More

Happy Friday! The point-of-sale (PoS) supply has dried up in India as the West Asia conflict squeezes imports. This and more in today's ETtech Morning Dispatch. ...Less

Delhivery has granted over 1 lakh stock options to employees under its ESOP 2012, effective May 1. The op ...More

Delhivery has granted over 1 lakh stock options to employees under its ESOP 2012, effective May 1. The options, exercisable at Re 1, will vest over four years, with a portion vesting after 12 months and the remainder over subsequent periods. This move aims to retain talent through equity participation and wealth creation. ...Less

Gaming startup LightFury Games has secured $11 million in funding, including investments from Indian cric ...More

Gaming startup LightFury Games has secured $11 million in funding, including investments from Indian cricketers like MS Dhoni, Jasprit Bumrah, and Hardik Pandya. The company aims to build a global AAA cricket gaming franchise, with its mobile-first title, eCricket, slated for a 2026 launch. ...Less

Happy Thursday! India’s IT sector is seeing a sharp rise in replacement hiring as Gen Z professionals swi ...More

Happy Thursday! India’s IT sector is seeing a sharp rise in replacement hiring as Gen Z professionals switch jobs faster. This and more in today's ETtech Morning Dispatch. ...Less

Higher learning firm Upgrad will acquire Unacademy in an all-stock deal, according to the SoftBank-backed ...More

Higher learning firm Upgrad will acquire Unacademy in an all-stock deal, according to the SoftBank-backed test prep company's founder Gaurav Munjal. ...Less

Gaurav Munjal, who will stay on as the cofounder and CEO of Unacademy, said the startup redefined the edt ...More

Gaurav Munjal, who will stay on as the cofounder and CEO of Unacademy, said the startup redefined the edtech playbook when it entered the market. "Along the way we lost some focus and market share, and the sector itself has not seen enough real product innovation in recent years," he wrote in a post on X. ...Less

With a cash balance of Rs 1,977 crore and an average monthly burn of Rs 17 crore, the Unacademy group wil ...More

With a cash balance of Rs 1,977 crore and an average monthly burn of Rs 17 crore, the Unacademy group will have at least 116 months of runway, according to screenshots of an internal presentation made during a company board meeting held on April 14. ...Less

Unacademy plans to add more courses from different fields such as sports, arts, business, and leadership ...More

Unacademy plans to add more courses from different fields such as sports, arts, business, and leadership in future. The Icons programme will have a single annual subscription. ...Less

Tiger Global, Dragoneer, Steadview Capital and General Atlantic have purchased $50 million Unacademy shar ...More

Tiger Global, Dragoneer, Steadview Capital and General Atlantic have purchased $50 million Unacademy shares from existing investors to increase their stake in the edtech startup. ...Less

Edtech startup Unacademy has announced its biggest ESOPs buyback, its third so far, barely a month after ...More

Edtech startup Unacademy has announced its biggest ESOPs buyback, its third so far, barely a month after it rolled out an industry-first teacher stock options plan. ...Less

Unacademy layoffs: Unacademy has laid off around 100 people from core functions like business development ...More

Unacademy layoffs: Unacademy has laid off around 100 people from core functions like business development and marketing and the rest are from the sales department, sources told ET. ...Less

The entire 250-member team of the postgraduate medical entrance exam preparation platform will join the U ...More

The entire 250-member team of the postgraduate medical entrance exam preparation platform will join the Unacademy Group, including founders Deepanshu Goyal, Vitul Goyal, and Sahil Goyal. ...Less

Happy Monday! Former Peak XV Partners executives have launched a new early-stage venture fund. This and m ...More

Happy Monday! Former Peak XV Partners executives have launched a new early-stage venture fund. This and more in today’s ETtech Morning Dispatch. ...Less

The acquisition is in line with Unacademy's plans to strengthen its position in the K-12 category and opt ...More

The acquisition is in line with Unacademy's plans to strengthen its position in the K-12 category and optimise its product offerings in the space, a statement said. ...Less

Unacademy CEO Gaurav Munjal said employees being laid off will receive severance pay equivalent of their ...More

Unacademy CEO Gaurav Munjal said employees being laid off will receive severance pay equivalent of their notice period and an additional two months, accelerated one year vesting period, a year long medical insurance and a dedicated placement support. ...Less

The Unacademy store will host a counselling area for learners; an in-house library for reading sources, a ...More

The Unacademy store will host a counselling area for learners; an in-house library for reading sources, as well as classrooms that will host its top educators. ...Less

Under the proposed structure, Unacademy shareholders will receive shares in Upgrad, valued at $2 billion ...More

Under the proposed structure, Unacademy shareholders will receive shares in Upgrad, valued at $2 billion presently, sources told ET. The company is preparing to go public and the acquisition is expected to provide Upgrad access to around Rs 1,200 crore of Unacademy’s cash reserves. ...Less

Bhavin Turakhia — who made his first ever startup investment — and existing investor Dragoneer together p ...More

Bhavin Turakhia — who made his first ever startup investment — and existing investor Dragoneer together put in $10 million in Unacademy’s $440-million funding round, CEO Gaurav Munjal says. ...Less

Umesh Dhande, the founder and a director at GATE Academy, will join Unacademy as its vice president, acad ...More

Umesh Dhande, the founder and a director at GATE Academy, will join Unacademy as its vice president, academics, GATE and ESE, the company said. ...Less

Unacademy had acquired Chandigarh-based PrepLadder, a leading post-graduate medical entrance exam prepara ...More

Unacademy had acquired Chandigarh-based PrepLadder, a leading post-graduate medical entrance exam preparation platform, for $50 million in 2020. ...Less

The Bengaluru-based Unacademy, valued at $3.4 billion in 2021, will likely be merged with Allen; founders ...More

The Bengaluru-based Unacademy, valued at $3.4 billion in 2021, will likely be merged with Allen; founders expected to exit. The edtech company has around $160 million of cash in the bank but revenues have been flat after the highs of Covid-19 even as its pivoted to an offline model. The merger talks are being steered by Munjal and Allen’s investor Bodhi Tree, which is jointly controlled by James Murdoch and Uday Shankar, the people familiar with the matter said. ...Less

This is Unacademy’s fourth acquisition this year, after Kreatryx, PrepLadder and more recently CodeChef. ...More

This is Unacademy’s fourth acquisition this year, after Kreatryx, PrepLadder and more recently CodeChef. ...Less

The BCCI had earlier announced fantasy gaming platform Dream11 as this year's IPL title sponsor, replacin ...More

The BCCI had earlier announced fantasy gaming platform Dream11 as this year's IPL title sponsor, replacing Chinese mobile phone company Vivo. Dream11 had pipped educational technology companies Unacademy and BYJUs to win the rights for a period of four months and 13 days with a bid of Rs 222 crore. ...Less

Unacademy cofounder Gaurav Munjal is stepping down as CEO, with Sumit Jain taking over amid a company res ...More

Unacademy cofounder Gaurav Munjal is stepping down as CEO, with Sumit Jain taking over amid a company reset and focus on AirLearn. Fellow cofounder Roman Saini is also exiting an active role. This leadership change follows internal discussions and a shift from online test prep to physical centers, impacting the edtech's business. ...Less

In a video on his YouTube channel, fired teacher Karan Sangwan said he made the generic remark on his You ...More

In a video on his YouTube channel, fired teacher Karan Sangwan said he made the generic remark on his YouTube channel and not during his lecture at Unacademy. ...Less

Unacademy has initiated a Rs 50 crore Esop buyback, founder Gaurav Munjal said, creating a cash pool for ...More

Unacademy has initiated a Rs 50 crore Esop buyback, founder Gaurav Munjal said, creating a cash pool for employees despite a lower valuation than the last fundraise. Eight staff will earn over Rs 1 crore, 17 - more than Rs 50 lakh, and 38 - over Rs 10 lakh. Munjal added that the company will contact all employees in the coming weeks to join the buyback. ...Less

"Bhavin's experience in management and growing large companies is invaluable to Unacademy," said Munjal, ...More

"Bhavin's experience in management and growing large companies is invaluable to Unacademy," said Munjal, CEO, Unacademy. ...Less

TapChief is Unacademy’s seventh acquisition in the past 12 months, and will enable the edtech startup to ...More

TapChief is Unacademy’s seventh acquisition in the past 12 months, and will enable the edtech startup to build Unacademy Pro. ...Less

Prior to joining Unacademy, Purri was chief people officer at Sapphire Foods, overseeing HR strategies fo ...More

Prior to joining Unacademy, Purri was chief people officer at Sapphire Foods, overseeing HR strategies for brands such as Pizza Hut and KFC. Before that, she worked at Aditya Birla Group’s retail sector. ...Less

In a bid to tap into the test prep market, online education startup Unacademy has acquired Jaipur-based o ...More

In a bid to tap into the test prep market, online education startup Unacademy has acquired Jaipur-based online exam preparation platform Wifistudy. ...Less

Unacademy's revenue from operations rose to Rs 337 crore in FY21 from Rs 65 crore in the previous fiscal ...More

Unacademy's revenue from operations rose to Rs 337 crore in FY21 from Rs 65 crore in the previous fiscal year. ...Less

Earlier, departing employees had up to 10 years to exercise the stock options they earned during their te ...More

Earlier, departing employees had up to 10 years to exercise the stock options they earned during their tenure. However, the Bengaluru-based company said the valuation used for exercising vested Esops is lower than the total capital invested by its investors, and there is no guarantee that any future liquidation event would generate sufficient proceeds for equity shareholders, including employees. The Esop exercise price is based on the latest valuation of the company at around Rs 2,650 crore (nearly $230 million), much lower than the 2021 valuation of $3.4 billion. ...Less

Unacademy had invested $5 million in Mastree in July last year as it wanted to strengthen its presence in ...More

Unacademy had invested $5 million in Mastree in July last year as it wanted to strengthen its presence in the K-12 learning space. Mastree was building a subscription product for STEAM (science, technology, engineering, arts and mathematics) courses for students in grades 5-8. ...Less

Bengaluru-based Unacademy said its first offline centre will be operational in Kota by next month, follow ...More

Bengaluru-based Unacademy said its first offline centre will be operational in Kota by next month, followed by centres in Jaipur, Bengaluru, Chandigarh, Ahmedabad, Patna, Pune and Delhi, it said in a statement on Wednesday. ...Less

Unacademy, which recently launched its Plus Subscription, said over 50,000 learners have subscribed to th ...More

Unacademy, which recently launched its Plus Subscription, said over 50,000 learners have subscribed to the programme. ...Less

Unacademy has seen its valuation jump from $510 million in February this year to $2 billion in the curren ...More

Unacademy has seen its valuation jump from $510 million in February this year to $2 billion in the current round, in line with larger rival Byju's that has seen a similar valuation bump this year. ...Less

WaterBridge Ventures had invested $1 million in Unacademy in 2016, in the process marking its debut trans ...More

WaterBridge Ventures had invested $1 million in Unacademy in 2016, in the process marking its debut transaction from its maiden fund — the $30 million WaterBridge Ventures Fund-I. ...Less

Edtech unicorn Unacademy has changed the target for its cofounders Gaurav Munjal and Hemesh Singh to acce ...More

Edtech unicorn Unacademy has changed the target for its cofounders Gaurav Munjal and Hemesh Singh to access additional voting rights through bonus shares issued to them in 2022. Industry sources said this move throws light on Unacademy’s changing ambitions as well as the broader sluggishness in the startup funding ecosystem. ...Less

Shroff took to Linkedin to announce his departure after a three-year stint at the edtech startup. ...More

Shroff took to Linkedin to announce his departure after a three-year stint at the edtech startup. ...Less

Several edtech firms have set up offline centres in the past few months as traditional schools have reope ...More

Several edtech firms have set up offline centres in the past few months as traditional schools have reopened. Unacademy last week announced the launch of two offline learning centres in Kota, Rajasthan. ...Less

Senior counsel Virag Tulzapurkar and advocate Hiren Kamod, who appeared for Unacademy, argued that the lo ...More

Senior counsel Virag Tulzapurkar and advocate Hiren Kamod, who appeared for Unacademy, argued that the lower court’s order was “completely erroneous” since the civil judge had passed it without jurisdiction. ...Less

Unacademy will hold only a 30% stake as an investor in CodeChef, which will now function as an independen ...More

Unacademy will hold only a 30% stake as an investor in CodeChef, which will now function as an independent business being run by its current team. ...Less

Education technology platform Unacademy has raised $500,000 (about Rs 3.3 crore) in a funding round led b ...More

Education technology platform Unacademy has raised $500,000 (about Rs 3.3 crore) in a funding round led by Blume Ventures. ...Less

In April, Unacademy fired around 1,000 employees to cut costs Of these, about 300 were educators who work ...More

In April, Unacademy fired around 1,000 employees to cut costs Of these, about 300 were educators who worked with Unacademy on a contractual basis while the rest were in sales, business and other functions. ...Less

Singh was Unacademy group’s chief business officer for a little over two years. The reorganisation comes ...More

Singh was Unacademy group’s chief business officer for a little over two years. The reorganisation comes in a series of top-deck changes at the Bengaluru-based startup that focuses on test preparation as a segment, largely offline now. ...Less

Unacademy’s cofounder Gaurav Munjal plans to use the new funding to build new lines of business in segmen ...More

Unacademy’s cofounder Gaurav Munjal plans to use the new funding to build new lines of business in segments such as jobs and hiring, where it will compete with the likes of Naukri.com and Linkedin. ...Less

These claims come after Munjal said in November last year that the company had brought down its monthly b ...More

These claims come after Munjal said in November last year that the company had brought down its monthly burn down to $7 million (roughly Rs 57.4 crore) from $20 million previously. Last month, he indicated in a tweet that the company’s burn was below $5 million. ...Less

Hemesh Singh, cofounder of Unacademy, transitions from CTO to advisory role after a decade. Singh's exit ...More

Hemesh Singh, cofounder of Unacademy, transitions from CTO to advisory role after a decade. Singh's exit is the latest in a series of high profile exits from the edtech startup, which now primarily focuses on offline test preparation. Despite multiple layoffs, Unacademy reduced its net loss by 41% in fiscal 2023. ...Less

Munjal sent an email to Unacademy’s employees to set to rest speculation of impending layoffs at the comp ...More

Munjal sent an email to Unacademy’s employees to set to rest speculation of impending layoffs at the company. The Unacademy board had been in talks with Munjal for over a year about his potential exit, given his lack of interest in running an offline coaching business. ...Less

Jain joined Unacademy after he sold his startup Opentalk to the edtech company. He had also founded real ...More

Jain joined Unacademy after he sold his startup Opentalk to the edtech company. He had also founded real estate listing portal Commonfloor and sold it to Quikr, an online classifieds operator, in 2016. ...Less

The firm recommended that registered Unacademy learners and educators immediately change their passwords ...More

The firm recommended that registered Unacademy learners and educators immediately change their passwords on the site. ...Less

In an internal email to employees, cofounder and CEO Gaurav Munjal said Unacademy sharply reduced cash bu ...More

In an internal email to employees, cofounder and CEO Gaurav Munjal said Unacademy sharply reduced cash burn in its test prep business in calendar year 2024, cutting it to around Rs 200 crore from about Rs 450 crore earlier. “That didn’t happen by accident. It happened because we made hard calls, shut down what didn’t work, and doubled down on what did,” he wrote. ...Less

Jain joined Unacademy in April 2020 and cofounded the firm’s Graphy division which allows educators and c ...More

Jain joined Unacademy in April 2020 and cofounded the firm’s Graphy division which allows educators and creators to launch their own online courses. ...Less

Unacademy’s cofounder and CEO Gaurav Munjal on Thursday told employees that appraisals for the financial ...More

Unacademy’s cofounder and CEO Gaurav Munjal on Thursday told employees that appraisals for the financial year ended March 2023 stand canceled, as the edtech startup focuses on turning profitable amid an overall tightening in funding and a demand slump for online education. ...Less

Unacademy aims to reduce cash burn to under Rs 200 crore in 2025, a sharp drop from Rs 1,000 crore in 202 ...More

Unacademy aims to reduce cash burn to under Rs 200 crore in 2025, a sharp drop from Rs 1,000 crore in 2021. CEO Gaurav Munjal says the startup is now “default alive” with Rs 1,200 crore in reserves. Graphy and PrepLadder are generating cash, and 70% of offline centres may turn profitable. Despite a 7% dip in FY24 revenue to Rs 840 crore, net losses narrowed significantly. ...Less

"We will invest in technology and how to scale through technology. Secondly, we want to get the best educ ...More

"We will invest in technology and how to scale through technology. Secondly, we want to get the best educators. In the near future, we aim to have one million active users on the site every month and reach to at least 20,000 lessons on the platform," said Gaurav Munjal, CEO, Unacademy. ...Less

Unacademy said it would utilise the money to increase the number of competitive exams it currently servic ...More

Unacademy said it would utilise the money to increase the number of competitive exams it currently services, bring top educators onto its platform and improve the quality of content. ...Less

The edutech space has seen strong growth globally with the COVID-19 pandemic serving as an inflection poi ...More

The edutech space has seen strong growth globally with the COVID-19 pandemic serving as an inflection point, with rapid growth seen in the addition of learners and onboarding of teachers. ...Less

Unacademy, India’s second-most valued edtech startup, has acquired Neostencil for an undisclosed sum to g ...More

Unacademy, India’s second-most valued edtech startup, has acquired Neostencil for an undisclosed sum to grow its footprint in Tier II and Tier III cities of the country. ...Less

As per sources close to the development, Dhoni has signed a two-year contract with the company for an und ...More

As per sources close to the development, Dhoni has signed a two-year contract with the company for an undisclosed amount. ...Less

The startup, founded by Shrey Goyal and Royal Jain, is building an online subscription service for STEAM ...More

The startup, founded by Shrey Goyal and Royal Jain, is building an online subscription service for STEAM courses for students in grades 5-8. ...Less

Classplus competes directly with Unacademy’s Graphy, a software platform for course creators. ...More

Classplus competes directly with Unacademy’s Graphy, a software platform for course creators. ...Less

According to people aware of the matter, out of the 1,000 employees who have been fired in the past few w ...More

According to people aware of the matter, out of the 1,000 employees who have been fired in the past few weeks, about 300 were educators on contracts, while the rest were in sales, business and various other functions. ...Less

The Bengaluru-based Unacademy, valued at $3.4 billion in 2021, will likely be merged with Allen; founders ...More

The Bengaluru-based Unacademy, valued at $3.4 billion in 2021, will likely be merged with Allen; founders expected to exit. ...Less

In a memo to employees, cofounder and CEO Gaurav Munjal told employees that the Bengaluru-based unicorn’s ...More

In a memo to employees, cofounder and CEO Gaurav Munjal told employees that the Bengaluru-based unicorn’s leadership including founders will take these cuts. ...Less

“Deepinder (Goyal) has been an advisor for several years and it was only a matter of time before that ass ...More

“Deepinder (Goyal) has been an advisor for several years and it was only a matter of time before that association transformed into a formal partnership,” Unacademy founder Gaurav Munjal says. ...Less

Unacademy had cut its headcount by 1,350 across two rounds of layoffs last year, while its subsidiary Rel ...More

Unacademy had cut its headcount by 1,350 across two rounds of layoffs last year, while its subsidiary Relevel had fired 40 employees in January this year. ...Less

The SoftBank-backed edtech startup, which has undergone multiple restructuring exercises, logged operatin ...More

The SoftBank-backed edtech startup, which has undergone multiple restructuring exercises, logged operating revenue of Rs 840 crore, down 7% from Rs 907 crore in the previous year. It slashed expenses by about 40% to Rs 1,627 crore from Rs 2,734 crore YoY. ...Less

Unacademy has promoted Arooshi Singh to Head of HR after over 7 years of dedication and excellence. Addit ...More

Unacademy has promoted Arooshi Singh to Head of HR after over 7 years of dedication and excellence. Additionally, cofounders Gaurav Munjal and Hemesh Singh will gain extra voting rights if the company forms an IPO committee by March 2025. ...Less

The discussions stalled due to differing valuation expectations between the two sides. “The deal talks we ...More

The discussions stalled due to differing valuation expectations between the two sides. “The deal talks were officially called off today. The two sides couldn’t align on the final number for the valuation,” one of the persons said. ...Less

STA is the second Saudi entity to sponsor IPL, after Saudi Aramco which is the exclusive sponsor of Orang ...More

STA is the second Saudi entity to sponsor IPL, after Saudi Aramco which is the exclusive sponsor of Orange Cap and Purple Cap, which are given to the leading run-scorer and wicket-taker, respectively, every season. The sponsorship amount will be similar to what Unacademy was paying. ...Less

With this move, the edtech startup will enter the K-12 segment where Byju's dominates ...More

With this move, the edtech startup will enter the K-12 segment where Byju's dominates ...Less

The former star cricketer will also host a series of live interactive classes, which everyone can access ...More

The former star cricketer will also host a series of live interactive classes, which everyone can access free of cost on the Unacademy platform ...Less

In an internal memo, Gaurav Munjal, Unacademy's Co-Founder and CEO, said that almost 80 per cent of Relev ...More

In an internal memo, Gaurav Munjal, Unacademy's Co-Founder and CEO, said that almost 80 per cent of Relevel's remaining team will be absorbed by other businesses of Unacademy Group. ...Less

The Bengaluru-based edtech startup will fully acquire Rheo TV, and enable the exit of all existing invest ...More

The Bengaluru-based edtech startup will fully acquire Rheo TV, and enable the exit of all existing investors. ...Less

Test preparation startup Unacademy said its losses narrowed by 41% to Rs 1,678 crore in FY23, a period ri ...More

Test preparation startup Unacademy said its losses narrowed by 41% to Rs 1,678 crore in FY23, a period riddled with incessant layoffs at the firm. Employee-related expenses went down 28% to Rs 1,281 crore in FY23. ...Less

Per the reinstated policy, former employees now have up to 10 years to purchase the stock options earned ...More

Per the reinstated policy, former employees now have up to 10 years to purchase the stock options earned during their tenure. The test preparation startup had cut down the time to within 30 days of leaving the company, which had led to a backlash on social media by several former employees. ...Less

While no one from Unacademy was prepared to speak on the issue, an industry insider, who is privy to the ...More

While no one from Unacademy was prepared to speak on the issue, an industry insider, who is privy to the Edu-tech company's preparations to file a bid, said the firm is ready take the big plunge. ...Less

According to an Inc42 report, citing sources, Graphy, which provides learning management system services ...More

According to an Inc42 report, citing sources, Graphy, which provides learning management system services to edtech creators, has been struggling to meet revenue targets, prompting a restructuring within the company. ...Less

The money was raised from Sequoia Capital, Nexus Venture Partners and SAIF Partners, with participation f ...More

The money was raised from Sequoia Capital, Nexus Venture Partners and SAIF Partners, with participation from Blume Ventures. ...Less

The company will also significantly invest in producing its own know ledge-based content with educators o ...More

The company will also significantly invest in producing its own know ledge-based content with educators on the platform. ...Less

The new experiment at the Bengaluru-based startup comes at a time when the company is facing intense pres ...More

The new experiment at the Bengaluru-based startup comes at a time when the company is facing intense pressure to show profitability as Covid-led demand for digital learning drops. ...Less

Typically, stock options or ESOPs are reserved for a company's permanent staff and is used as a tool to a ...More

Typically, stock options or ESOPs are reserved for a company's permanent staff and is used as a tool to attract talent for fledgling startups and even bigger technology firms. ...Less

Taking to Twitter on Friday (November 4), Munjal said, "Winter will get worse. Get to profitability asap. ...More

Taking to Twitter on Friday (November 4), Munjal said, "Winter will get worse. Get to profitability asap. And then grow from there. Stop all unnecessary spends. Focus on building great Products and organic Traction Channels." ...Less

This is SoftBank's first investment in an Indian firm since December, when it had backed eyewear retailer ...More

This is SoftBank's first investment in an Indian firm since December, when it had backed eyewear retailer Lenskart. The technology investor has over the past year slowed down new bets globally, cutting fewer cheques following the IPO debacle at WeWork. ...Less

The company might use the money to go deeper and expand into areas like K-12 and competitive exams like J ...More

The company might use the money to go deeper and expand into areas like K-12 and competitive exams like JEE, according to the above quoted sources. ...Less

The acquisition will strengthen Graphy’s position in the creator ecosystem, while increasing its reach an ...More

The acquisition will strengthen Graphy’s position in the creator ecosystem, while increasing its reach and enabling it to optimise its product offerings. ...Less