Unacademy fires 250 employees in fresh round of layoffsUnacademy layoffs: Unacademy has laid off around 100 people from core functions like business development and marketing and the rest are fr...
02 Jul, 2024, 08.25 PM IST
How Unacademy board tweaked targets for founders’ voting rightsEdtech unicorn Unacademy has changed the target for its cofounders Gaurav Munjal and Hemesh Singh to access additional voting rights throug...
31 May, 2024, 11.12 AM IST
Unacademy elevates Jagnoor Singh as COO of offline centres businessSingh was Unacademy group’s chief business officer for a little over two years. The reorganisation comes in a series of top-deck changes at...
25 Jan, 2024, 07.48 PM IST
Unacademy appoints Pratik Dalal CFO of its offline centres businessDalal was most recently heading business finance at Cred, prior to which he was VP of business finance at Flipkart.
16 Jan, 2024, 07.27 PM IST
Unacademy’s FY23 revenue rises 26% to Rs 907 crore, loss shrinksTest preparation startup Unacademy said its losses narrowed by 41% to Rs 1,678 crore in FY23, a period riddled with incessant layoffs at th...
03 Jan, 2024, 06.16 PM IST
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...
05 Dec, 2023, 02.34 PM IST
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...
31 Oct, 2023, 08.54 PM IST
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...
15 Aug, 2023, 08.19 PM IST
Unacademy cash burn down to Rs 1.9 crore, revenue at Rs 130 crore in May: Gaurav MunjalThese claims come after Munjal said in November last year that the company had brought down its monthly burn down to $7 million (roughly Rs...
28 Jun, 2023, 07.50 PM IST
Unacademy launches gamified app for UPSC aspirantsThe new experiment at the Bengaluru-based startup comes at a time when the company is facing intense pressure to show profitability as Covi...
30 May, 2023, 06.59 PM IST
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...
25 Apr, 2023, 06.00 AM IST
Unacademy leadership to take salary cuts of up to 25%, says edtech’s founder Gaurav MunjalIn a memo to employees, cofounder and CEO Gaurav Munjal told employees that the Bengaluru-based unicorn’s leadership including founders wil...
31 Mar, 2023, 02.03 PM IST
Unacademy to slash 12% of workforce in another round of layoffsUnacademy had cut its headcount by 1,350 across two rounds of layoffs last year, while its subsidiary Relevel had fired 40 employees in Jan...
31 Mar, 2023, 01.18 PM IST
Unacademy hives off 2020 acquisition CodeChefUnacademy will hold only a 30% stake as an investor in CodeChef, which will now function as an independent business being run by its curren...
29 Mar, 2023, 04.40 PM IST
Unacademy cancels cash appraisals; staffers will be rewarded with stock optionsUnacademy’s cofounder and CEO Gaurav Munjal on Thursday told employees that appraisals for the financial year ended March 2023 stand cancel...
02 Feb, 2023, 09.33 PM IST
Unacademy cuts another 350 jobs in second round of layoffsUnacademy CEO Gaurav Munjal said employees being laid off will receive severance pay equivalent of their notice period and an additional tw...
07 Nov, 2022, 10.53 PM IST
Unacademy CEO says funding ‘winter is here’; tells employees to adapt, target profitabilityUnacademy had recently laid off over 600 employees as demand for online education slowed down due to opening up of offline institutes.
26 May, 2022, 03.21 PM IST