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UNACADEMY REVENUE DECLINE
Policybazaar founder warns of insurance squeeze; IT's buying spreeHappy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. ...- UpGrad value pegged at $1.7 billion as Unacademy deal awaits CCI assentUpGrad's valuation hit $1.7 billion, with a confidential report revealing projected profitability for FY26. The edtech firm plans to acquir...
- UpGrad to acquire Unacademy for Rs 2,055 crore, 90% below peak valuationAfter on-again, off-again talks, Ronnie Screwvala-run edtech firm UpGrad is acquiring UpGrad in a cut price deal. UpGrad is also raising an...
- Test-prep platform Allen’s FY25 net profit plunges to Rs 41 croreAllen Career Institute’s net profit fell sharply in fiscal 2025 despite steady revenue. The drop is due to a shift away from its Kota base ...
- Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
- 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 founders exit; Ola Electric’s freefallHappy Wednesday! Unacademy cofounders are planning to exit the edtech firm as the company expands its offline footprint. This and more in t...
- Unacademy’s Airlearn hits 70,000 daily users, $2 million bookings run rateUnacademy’s language learning app Airlearn has reached 70,000 daily users and nearly 300,000 monthly users, with 17,500 paid subscribers an...
- Year in Review: Behind the VC reset and what’s next in 2025Happy Wednesday! India's venture capital ecosystem stays cautious, holding cash amid profit pressures. This and more in today’s ETtech Morn...
- 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...
- Microsoft-owned LinkedIn fires 716 employees in fresh round of layoffsThe employment-focused professional network had also announced layoffs in February this year.
- 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...
- 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...
- YouTube offers LMS-Style 'Courses' to Creators. Details hereAlthough the instructional video has been available on YouTube for some time, this will allow artists to give viewers a more thorough, stru...
- SoftBank plans $35 million bet on India's GoMechanicVision Fund's early-stage talks with GoMechanic are being held around a valuation of $600-700 million, with Malaysian sovereign fund Khazan...
- Freshworks IPO lives the American dreamFreshworks has become the first Indian software products company to list on Nasdaq, raising more than $1.03 billion from investors through ...
- ETtech Exclusive: Eruditus raises $650 million as valuation jumps four-fold to $3.2 billionCPPIB to also join new round which will facilitate partial exit for Bertelsmann, founder & management selling $100 million in shares
- Byju’s set to buy rival Toppr for $150 million: ReportNews of a potential Byju’s-Toppr deal comes at a time when India’s largest edtech startup is said to have signed a deal to acquire Aakash I...
- Screwvala's upGrad in final negotiations to raise up to $150 millionupGrad entered the test preparation market earlier this week with the acquisition of Bengaluru-based The Gate Academy. It plans to invest o...
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