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’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 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...
01 Nov, 2023, 05.08 PM IST
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...
26 Oct, 2023, 07.54 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 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
PhonePe calls off deal to acquire ZestMoney; Unacademy to slash 12% of workforceIn the end, it was much ado about nothing. After months of back and forth and oohs and aahs, PhonePe, one of India’s leading fintechs and t...
30 Mar, 2023, 07.49 PM IST
Amid layoffs, clutch of edtech firms roll out hikes and ESOPSEdtech startups like Eruditus and Emeritus, Classplus, BrightCHAMPS, among others, are looking to reward employees through increments. Othe...
11 Feb, 2023, 01.25 AM 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 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...
04 Nov, 2022, 06.06 PM IST
Vedantu lays off another 100 employees after sacking 624 in MayInterestingly, cofounder and chief executive Vamsi Krishna had said in a memo to employees on May 18 that the previous retrenchment exercis...
02 Aug, 2022, 11.15 PM IST
Unacademy won't sack more workers to cut costs, CEO Gaurav Munjal clarifiesIn April, Unacademy fired around 1,000 employees to cut costs Of these, about 300 were educators who worked with Unacademy on a contractual...
13 Jul, 2022, 06.55 AM IST
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 ...
18 Jun, 2022, 03.12 PM IST
Edtech unicorn Vedantu lays off 200 employeesAbout 120 of these employees were on contract while 80 were full-time employees, Vedantu told ET. Almost all were from the company’s academ...
05 May, 2022, 08.59 PM IST
Elevation raises $670M India fund; edtech giant lays off 1,000 employeesElevation Capital, which invested in around 30 Indian startups last year alone, has closed its latest India-dedicated fund at $670 million.
08 Apr, 2022, 09.52 AM IST