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Unacademy’s test prep CEO Sumit Jain quits ahead of upGrad acquisitionSumit Jain has stepped down from his role in Unacademy, ahead of a potential merger with upGrad Education. Jain, who joined Unacademy in 20...- UpGrad to acquire Unacademy for Rs 2,055 crore, 90% below peak valuationAfter on-again, off-again talks, Ronnie Screwvala-run edtech firm UpGrad is acquiring UpGrad in a cut price deal. UpGrad is also raising an...
- Upgrad, Unacademy betting on AI to disrupt edtechGaurav Munjal, who will stay on as the cofounder and CEO of Unacademy, said the startup redefined the edtech playbook when it entered the m...
- Ronnie Screwvala’s Upgrad to acquire Unacademy in all-stock dealHigher learning firm Upgrad will acquire Unacademy in an all-stock deal, according to the SoftBank-backed test prep company's founder Gaura...
- Edtech gains as smaller towns turn up big for English lessonsWhile WestBridge-backed SpeakX and Lightspeed-backed Stimuler are among startups focused on English learning, larger test-preparation platf...
- After failed acquisition talks with Upgrad, Unacademy pivots back to online test prepIn an internal email to employees, cofounder and CEO Gaurav Munjal said Unacademy sharply reduced cash burn in its test prep business in ca...
- Unacademy rolls back Esop changes for former employeesPer the reinstated policy, former employees now have up to 10 years to purchase the stock options earned during their tenure. The test prep...
- Unacademy cuts Esop exercise window for former employees to 30 daysEarlier, departing employees had up to 10 years to exercise the stock options they earned during their tenure. However, the Bengaluru-based...
- Unacademy’s valuation may be less than $500 million, from $3.5 billion in 2021: Gaurav MunjalAfter a notable decrease in valuation, Unacademy is recalibrating its strategy. Co-founder Gaurav Munjal is dedicated to enhancing product ...
- Upgrad in talks to acquire Unacademy for $300-320 million, 90% lower than its peak valuationUnder the proposed structure, Unacademy shareholders will receive shares in Upgrad, valued at $2 billion presently, sources told ET. The co...
- Unacademy cofounder Sumit Jain appointed chief executive of the test-prep businessJain joined Unacademy after he sold his startup Opentalk to the edtech company. He had also founded real estate listing portal Commonfloor ...
- ‘Busy building bhujia cos’: Unacademy’s Gaurav Munjal’s blunt take on India’s AI progress goes viral as US & China lead global raceIndia significantly lags behind global leaders in private AI investment, sparking concerns among tech leaders. Despite a $465 billion globa...
- Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
- TCS CEO’s pay hike; L Catterton’s India fundIT major TCS paid Rs 26.5 crore in remuneration to CEO and MD K Krithivasan in FY25. This and more in today’s ETtech Top 5.
- Unacademy founders’ shift to AirLearn, Jain’s offline role are strategic: Gaurav Munjal to employeesMunjal sent an email to Unacademy’s employees to set to rest speculation of impending layoffs at the company. The Unacademy board had been ...
- Exclusive: Unacademy founders Munjal, Saini set to exit, shift focus to AirLearnUnacademy cofounder Gaurav Munjal is stepping down as CEO, with Sumit Jain taking over amid a company reset and focus on AirLearn. Fellow c...
- Unacademy founders exit; Ola Electric’s freefallHappy Wednesday! Unacademy cofounders are planning to exit the edtech firm as the company expands its offline footprint. This and more in t...
- Unacademy now ‘default alive’, to cut cash burn to Rs 200 crore in 2025: CEO Gaurav MunjalUnacademy 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 star...
- Unacademy’s Airlearn hits 70,000 daily users, $2 million bookings run rateUnacademy’s language learning app Airlearn has reached 70,000 daily users and nearly 300,000 monthly users, with 17,500 paid subscribers an...
- Teachmint acquires video engagement platform Airlearn to expand developer offeringsWith this deal, Teachmint strengthens its developer offering called Teachstack, enabling edtech companies across the globe to build state-o...
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