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AI spooks IT valuations; Groww promoters cut stakeAI has pushed valuations of India’s top IT firms to 2008-09 levels. This and more in today’s ETtech Top 5.- 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...
- Earnings roundup: Infosys, Licious and GrowwIT major Infosys was hit by a small profit dip despite revenue growth in Q3. This and more in today's ETtech Top 5.
- 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 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 elevates Sumit Jain to cofounder statusJain joined Unacademy in April 2020 and cofounded the firm’s Graphy division which allows educators and creators to launch their own online...
- Unacademy’s Graphy acquires community-management platform ScenesAccording to Graphy, the acquisition will allow it to enhance its offerings as well as expand its reach in the creator ecosystem. At presen...
- Unacademy CEO warns of long funding winter; Infy CEO’s pay rose 43% in FY22Gaurav Munjal, cofounder of SoftBank-backed Unacademy, has told its employees the funding winter will last at least 12-18 months, saying th...
- What’s next for Unacademy as it slashes 1,000 jobs in a massive cost-cutting exerciseAccording 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 ...
- Unacademy acquires online learning platform SwiflearnThe acquisition is in line with Unacademy's plans to strengthen its position in the K-12 category and optimise its product offerings in the...
- More funds eye Paytm IPO; govt may rethink safe harbour rulesPaytm's highly anticipated IPO has drawn the attention of various funds in the US and Europe.
- Unacademy’s Graphy acquires edtech startup Spayee for $25 millionThe acquisition will strengthen Graphy’s position in the creator ecosystem, while increasing its reach and enabling it to optimise its prod...
- Unacademy valued at $3.4 bn post new funding, will diversify beyond edtech: CEO Gaurav MunjalUnacademy’s cofounder Gaurav Munjal plans to use the new funding to build new lines of business in segments such as jobs and hiring, where ...
- Unacademy in talks to invest in school chain OrchidWith this move, the edtech startup will enter the K-12 segment where Byju's dominates
- Unacademy acquires live game streaming platform Rheo TVThe Bengaluru-based edtech startup will fully acquire Rheo TV, and enable the exit of all existing investors.
- Proposed e-commerce rules explainedIn today’s ETtech Top 5 newsletter: A two-minute explainer of India’s proposed e-commerce rules, European Union hands a win and loss to Goo...
- Unacademy’s Graphy launches Rs 100-crore grant for creatorsGraphy Creator Grant, which will be deployed over the next two years, will be given to Graphers “who are highly ambitious in building an on...
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