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UNACADEMY VALUATION DROP
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...- Upgrad, Unacademy betting on AI to disrupt edtechGaurav Munjal, who will stay on as the cofounder and CEO of Unacademy, said the startup redefined the edtech playbook when it entered the m...
- Peak XV alum’s fund; Snabbit, Scapia funding; Upgrad-Unacademy dealHappy Monday! Former Peak XV Partners executives have launched a new early-stage venture fund. This and more in today’s ETtech Morning Disp...
- Ronnie Screwvala’s Upgrad to acquire Unacademy in all-stock dealHigher learning firm Upgrad will acquire Unacademy in an all-stock deal, according to the SoftBank-backed test prep company's founder Gaura...
- Unacademy rolls out Rs 50 crore Esop buyback; employees to receive big payoutsUnacademy has initiated a Rs 50 crore Esop buyback, founder Gaurav Munjal said, creating a cash pool for employees despite a lower valuatio...
- UpGrad-Unacademy deal talks fail; Amagi downsizes IPOTalks between edtech companies Unacademy and UpGrad for a potential acquisition have fallen through. This and more in today's ETtech Top 5.
- Nvidia at CES 2026; Puneet Kumar quits NexusAI chipmaker Nvidia put forward its vision to own the AI stack at CES 2026 in Las Vegas. This and more in today's ETtech Top 5.
- Unacademy’s valuation may be less than $500 million, from $3.5 billion in 2021: Gaurav MunjalAfter a notable decrease in valuation, Unacademy is recalibrating its strategy. Co-founder Gaurav Munjal is dedicated to enhancing product ...
- UpGrad halves losses in FY25, posts 5% topline growthThe higher education and upskilling firm posted a net loss of Rs 274 crore, compared with Rs 560 crore in FY24. Its operating revenue incre...
- 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 now ‘default alive’, to cut cash burn to Rs 200 crore in 2025: CEO Gaurav MunjalUnacademy aims to reduce cash burn to under Rs 200 crore in 2025, a sharp drop from Rs 1,000 crore in 2021. CEO Gaurav Munjal says the star...
- 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...
- 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%...
- PhysicsWallah eyes over Rs 1,000 crore offline revenue in FY25PhysicsWallah, an online coaching platform, aims to generate a net revenue of Rs 1,050 crore in FY25 from its offline operations as it plan...
- Eruditus FY22 revenue up 87%; loss excluding exceptional items at $66 millionIn the financial year ending FY21, Eruditus had reported a cash loss of $31 million, filings reviewed by ET showed. The Mumbai-based edtech...
- BlackRock, Invesco mark down Byju’s, Swiggy holdings as tech valuations correctWhile BlackRock has slashed Byju’s valuation by nearly 50%, Invesco has cut Swiggy’s stake value by over 23%.
- Time for 'cockroaches, not unicorns': layoffs, funding winter set to continueThousands lost jobs amid deepening funding winter in 2022 as massive layoffs by the tech companies this year alone surpassed the levels fro...
- 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.
- Oyo eyes $12-15B IPO valuation; Unacademy gets a breatherOyo is aiming for a valuation of $12-15 billion for its upcoming IPO, in which some investors will sell parts of their holdings. These won’...
- Sequoia top backer of Indian unicorns with eight bets, China's Tencent 11th with 3 investments: ReportFantasy gaming company Dream11 - which recently won the title sponsor rights for the IPL cricket league after a Chinese handset maker had t...
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