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UNACADEMY GRAPHY
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...
- 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 has runway of four years with Rs 1,800 crore, cash burn cut by 60%: Gaurav MunjalThe cash runway will further extend to eight years because the startup continues to lower its cash burn, which is currently down 60%, he sa...
- Unacademy appoints Sandhydeep Purri as chief people officerPrior to joining Unacademy, Purri was chief people officer at Sapphire Foods, overseeing HR strategies for brands such as Pizza Hut and KFC...
- Unacademy CFO Subramanian Ramachandran resignsThis is the second exit among chief executive Gaurav Munjal's team of direct reportees since August, when the startup's chief operating off...
- Unacademy's Graphy slashes about 30% jobs amid restructuring: reportAccording to an Inc42 report, citing sources, Graphy, which provides learning management system services to edtech creators, has been strug...
- Edtech firm Unacademy’s COO Vivek Sinha resignsSinha had joined the company in 2020 after a decade with organisations such as Reliance Energy, Lodha, MobiKwik and Oyo.
- 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 to be profitable at group level in April: CEO Gaurav MunjalWith 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 runw...
- Unacademy’s Gaurav Munjal says rival Classplus ‘definitely overvalued’Classplus competes directly with Unacademy’s Graphy, a software platform for course creators.
- Unacademy monthly burn down to $7 million from $20 million: CEO Gaurav MunjalTaking to Twitter on Friday (November 4), Munjal said, "Winter will get worse. Get to profitability asap. And then grow from there. Stop al...
- Unacademy CMO Karan Shroff quits firmShroff took to Linkedin to announce his departure after a three-year stint at the edtech startup.
- Unacademy's PrepLadder lays off 2.6% of its workforceUnacademy had acquired Chandigarh-based PrepLadder, a leading post-graduate medical entrance exam preparation platform, for $50 million in ...
- 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...
- 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 acquires live game streaming platform Rheo TVThe Bengaluru-based edtech startup will fully acquire Rheo TV, and enable the exit of all existing investors.
- 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...
- Unacademy plans to launch Rs 30 crore-ESOP buyback offerThe edutech space has seen strong growth globally with the COVID-19 pandemic serving as an inflection point, with rapid growth seen in the ...
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