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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...- Coaching institute Allen fires 70 sales hands from NExTSome of Allen's employees affected by the move told ET that the layoffs happened across centres in Chennai, Bengaluru, Delhi, Hyderabad and...
- 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...
- 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...
- Manipal Group launches test-prep app for NEET PG, NExTThe company has invested about Rs 60 crore in the development of MedAce and expects to invest another Rs 50 crore over the next year to dev...
- Unacademy to be profitable at group level in April: CEO Gaurav MunjalWith a cash balance of Rs 1,977 crore and an average monthly burn of Rs 17 crore, the Unacademy group will have at least 116 months of runw...
- 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...
- Unacademy CMO Karan Shroff quits firmShroff took to Linkedin to announce his departure after a three-year stint at the edtech startup.
- 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 ...
- 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 ...
- Bombay HC stays order that barred Unacademy from using PrepLadder appSenior counsel Virag Tulzapurkar and advocate Hiren Kamod, who appeared for Unacademy, argued that the lower court’s order was “completely ...
- 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 ...
- Mumbai court restrains Unacademy parent from using PrepLadder appThe order came on a petition by Medical Joyworks, a Sri Lankan startup which said that PrepLadder had been systematically replicating, alte...
- Unacademy in talks to invest in school chain OrchidWith this move, the edtech startup will enter the K-12 segment where Byju's dominates
- The quiet rise of a startup hub in ChandigarhThere are over 700 active startups in Chandigarh as of July 9 and more than one-third of these were founded in the last four years.
- Unacademy acquires test preparation startup CoursavyThis is Unacademy’s fourth acquisition this year, after Kreatryx, PrepLadder and more recently CodeChef.
- Unacademy takes majority stake in Mastree for $5 millionThe startup, founded by Shrey Goyal and Royal Jain, is building an online subscription service for STEAM courses for students in grades 5-8.
- Unacademy buys PrepLadder for $50m in cash & stock dealThe entire 250-member team of the postgraduate medical entrance exam preparation platform will join the Unacademy Group, including founders...
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