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UNACADEMY RESULTS
PhysicsWallah dials down schools push after investor uneasePhysicsWallah is shifting its K-12 expansion strategy to an asset-light, online-led model, moving away from capital-intensive school operat...- 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.
- Edtech gains as smaller towns turn up big for English lessonsWhile WestBridge-backed SpeakX and Lightspeed-backed Stimuler are among startups focused on English learning, larger test-preparation platf...
- 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’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...
- NEET grace marks scrapped; affected students given re-exam optionNEET-UG 2024 witnessed a notable increase in the number of candidates achieving a perfect score of 720 compared to previous years. Concerns...
- 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...
- Byju’s continues to cut jobs, another 1,000 employees laid offThe layoffs are part of a massive cost cutting exercise Byju’s initiated last year to streamline its operations at a time when digital K12 ...
- 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...
- Edtech companies need to rework models to keep parents happyThe survey covered 521 parents to understand their experience with edtech offerings in the K-12 and JEE-NEET preparation segments.
- 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 unicorn Unacademy’s consolidated loss widens to Rs 1,474 crore in FY21Unacademy's revenue from operations rose to Rs 337 crore in FY21 from Rs 65 crore in the previous fiscal year.
- 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 ...
- Vedantu turns unicorn after $100-million fundingVedantu has raised $100 million in a new funding round led by Temasek-backed ABC World Asia, catapulting it into the unicorn club. more inv...
- Fintech firms face IPO challengesThree Indian fintech firms have IPOs coming up soon, but face unique challenges related to their revenue models, foreign ownership, and inc...
- Situations Vacant: 12,000 jobs on offer in edtechThere are currently around 12,000 active openings for permanent job roles across levels at leading edtech companies, according to an estima...
- Accenture says Unacademy hack has no impact on its data"Accenture has no professional relationship with Unacademy, and any implication or assertion otherwise is erroneous. Accenture has suffered...
- Unacademy information on sale on the darkwebAccording to Cyble, the database including usernames, emails and passwords was up for sale on May 3 for $2,000.
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