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UNACADEMY CODECHEF ACQUISITION
Unacademy leadership to take salary cuts of up to 25%, says edtech’s founder Gaurav MunjalIn a memo to employees, cofounder and CEO Gaurav Munjal told employees that the Bengaluru-based unicorn’s leadership including founders wil...
Why PhonePe-ZestMoney deal fell through; top leadership changes at Swiggy InstamartPhonePe has walked away from buying cash-strapped buy-now-pay-later (BNPL) startup ZestMoney amid due diligence concerns, per multiple peop...
Unacademy to slash 12% of workforce in another round of layoffsUnacademy had cut its headcount by 1,350 across two rounds of layoffs last year, while its subsidiary Relevel had fired 40 employees in Jan...
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...
Exclusive: Behind Tata Neu’s muted first year performance; Gokul Rajaram on Indian startups, valuations & moreTata Digital's much-hyped superapp Neu has had a slow start in its first year of launch. Sources told us that the platform contributed less...
NCLAT upholds CCI’s Rs 1,338-crore fine on Google; GoMechanic gone in slump saleThe NCLAT bench has directed Google to carry out the competition regulator’s directions and deposit the fine within 30 days. The penalty of...
Unacademy hives off 2020 acquisition CodeChefUnacademy will hold only a 30% stake as an investor in CodeChef, which will now function as an independent business being run by its curren...
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 in talks to invest in school chain OrchidWith this move, the edtech startup will enter the K-12 segment where Byju's dominates
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...
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.
ETtech Deals Digest: Edtech’ buying spree, Fintech’s funding juggernautTata signs $1.2 billion deal to acquire BigBasket. Unacademy acquires TapChief at a valuation of $100 million. Indian startups are testing ...
Unacademy acquires majority stake in TapChiefTapChief is Unacademy’s seventh acquisition in the past 12 months, and will enable the edtech startup to build Unacademy Pro.
ETtech Evening Briefing on Feb. 16, 2021: Greta’s toolkit explainedShared by Greta Thunberg on February 4, the protest toolkit has been spoken about endlessly since the arrest of 21-year-old climate activis...
Unacademy acquires test preparation startup CoursavyThis is Unacademy’s fourth acquisition this year, after Kreatryx, PrepLadder and more recently CodeChef.
Once-in-a-century Covid crisis is unleashing a new wave of mergers and acquisitionsWhile deals are fewer at an aggregate level since the beginning of the pandemic, deal activity is in sharp contrast with the contraction in...
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...