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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.- Unacademy’s test prep CEO Sumit Jain quits ahead of upGrad acquisitionSumit Jain has stepped down from his role in Unacademy, ahead of a potential merger with upGrad Education. Jain, who joined Unacademy in 20...
- 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...
- Edtech firm Unacademy’s COO Vivek Sinha resignsSinha had joined the company in 2020 after a decade with organisations such as Reliance Energy, Lodha, MobiKwik and Oyo.
- Unacademy’s Graphy acquires community-management platform ScenesAccording to Graphy, the acquisition will allow it to enhance its offerings as well as expand its reach in the creator ecosystem. At presen...
- 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...
- 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...
- Unacademy acquires Gate Academy, launches 50 YouTube education channelsUmesh Dhande, the founder and a director at GATE Academy, will join Unacademy as its vice president, academics, GATE and ESE, the company s...
- 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 ...
- Unacademy CEO says funding ‘winter is here’; tells employees to adapt, target profitabilityUnacademy had recently laid off over 600 employees as demand for online education slowed down due to opening up of offline institutes.
- Broadcast platform Rigi raises $10 million in funding led by Accel India, othersThe company will use the funding for strengthening its technology, hiring, and expansion, company founders told ET. Rigi was part of the fi...
- What’s next for Unacademy as it slashes 1,000 jobs in a massive cost-cutting exerciseAccording to people aware of the matter, out of the 1,000 employees who have been fired in the past few weeks, about 300 were educators on ...
- Unacademy acquires online learning platform SwiflearnThe acquisition is in line with Unacademy's plans to strengthen its position in the K-12 category and optimise its product offerings in the...
- Unacademy’s Graphy acquires edtech startup Spayee for $25 millionThe acquisition will strengthen Graphy’s position in the creator ecosystem, while increasing its reach and enabling it to optimise its prod...
- Unacademy valued at $3.4 bn post new funding, will diversify beyond edtech: CEO Gaurav MunjalUnacademy’s cofounder Gaurav Munjal plans to use the new funding to build new lines of business in segments such as jobs and hiring, where ...
- Unacademy acquires live game streaming platform Rheo TVThe Bengaluru-based edtech startup will fully acquire Rheo TV, and enable the exit of all existing investors.
- Creators get new tools to monetise their audienceIndian cos building paid-private communities, cohort-based platforms for creator economy
- Acceleration in edutech growth will sustain post Covid-19: ETILC membersAccording to a report by RedSeer and Omidyar Network India, the online education market for class 1-12 is projected to increase 6.3 times i...
- Unacademy plans to launch Rs 30 crore-ESOP buyback offerThe edutech space has seen strong growth globally with the COVID-19 pandemic serving as an inflection point, with rapid growth seen in the ...
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