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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...
- Tax holiday troubles locals; PB Fintech’s new betHappy Tuesday! A Budget proposal giving tax relief to foreign data centre firms has raised concerns among Indian infrastructure companies. ...
- 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...
- 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...
- Test-prep platform Allen’s FY25 net profit plunges to Rs 41 croreAllen Career Institute’s net profit fell sharply in fiscal 2025 despite steady revenue. The drop is due to a shift away from its Kota base ...
- SpeakX raises $16 million from WestBridge, others, pivots to an English-learning appThe round values SpeakX at $66 million post-money, up from $25 million when it last raised $6 million as Yellow Class in 2021. SpeakX will ...
- 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 ...
- 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...
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