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UNACADEMY RESTRUCTURING
Swiggy's Instamart rejig; Smaller UPI firms gainHappy Thursday! Swiggy's recent move to restructure its Instamart business may be a step towards a larger pivot. This and more in today’s E...- 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’s FY24 losses narrow 62%, revenue declines 7% as business shrinksThe SoftBank-backed edtech startup, which has undergone multiple restructuring exercises, logged operating revenue of Rs 840 crore, down 7%...
- Unacademy-Allen deal; Swiggy Q2 earningsHappy Wednesday! Unacademy and Allen Career Institute have been in talks to strike a deal but the terms are yet unclear. We have details of...
- 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...
- New-age brands buzz on deal street; Unacademy founders’ voting rightsHappy Friday! New-age brands are attracting capital from VC funds, founders and other types of investors. This and more in today’s ETtech M...
- 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...
- Healthtech startup PharmEasy lays off more employeesThe layoffs were attributed to a variety of factors, including restructuring, macroeconomic headwinds, and the ongoing Russia-Ukraine confl...
- Unacademy’s Gaurav Munjal says rival Classplus ‘definitely overvalued’Classplus competes directly with Unacademy’s Graphy, a software platform for course creators.
- Amazon to deliver third-party ecomm orders; ETSA winners to receive awards on Nov 19This will make the US ecommerce major a direct rival to new-age logistics firm Delhivery, Xpressbees, Ecom Express and Flipkart's Ekart, wh...
- 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...
- 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...
- Byju’s yet to close $800M round; govt may quiz FB, Twitter on compliance rateFellow edtech giant Unacademy, meanwhile, is giving its founders and top management pay cuts and shutting its global test prep business as ...
- Over 22,000 techies lose jobs in US, more than 12,000 in Indian startupsStartups now say it is much more difficult to raise new funding in this gloomy environment.
- Over 50K startup employees stare at job loss as India prepares for 200 unicornsNearly 12,000 startup employees have been shown the door to date, let by companies like Ola, Blinkit, BYJU's (White Hat Jr, Toppr), Unacade...
- Edtech carnage continues as WhiteHat Jr lays off 300 employeesWhiteHat Jr posted a total loss of Rs 1,690 crore for FY21, according to regulatory filings filed with the Ministry of Corporate Affairs.
- Edtech startup Udayy shuts down, lays off entire staffUdayy raised around $10 million from US-based Norwest Venture Partners in February. It raised $2.5 million in seed funding a year ago. “We ...
- Vedantu says it is laying off another 424 employeesVedantu had earlier fired 200 of its contractual and full-time employees, amid cratering demand for online education, owing to the opening ...
- 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...
- 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.
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