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UNACADEMY LOSSES
PhysicsWallah dials down schools push after investor uneasePhysicsWallah is shifting its K-12 expansion strategy to an asset-light, online-led model, moving away from capital-intensive school operat...- Govt’s new ‘law-to-code’ push; UpGrad’s $1.7 billion valuationHappy Wednesday! The government plans to translate legal provisions into software code that enforces compliance by design. This and more in...
- 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...
- 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...
- Upgrad in talks to acquire Unacademy for $300-320 million, 90% lower than its peak valuationUnder the proposed structure, Unacademy shareholders will receive shares in Upgrad, valued at $2 billion presently, sources told ET. The co...
- Unacademy cofounder Sumit Jain appointed chief executive of the test-prep businessJain joined Unacademy after he sold his startup Opentalk to the edtech company. He had also founded real estate listing portal Commonfloor ...
- 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 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 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%...
- Allen Institute held talks to acquire Unacademy valuing edtech firm at $800 million in a cut-price deal: sourcesThe Bengaluru-based Unacademy, valued at $3.4 billion in 2021, will likely be merged with Allen; founders expected to exit. The edtech comp...
- Unacademy fires 250 employees in fresh round of layoffsUnacademy layoffs: Unacademy has laid off around 100 people from core functions like business development and marketing and the rest are fr...
- Unacademy cofounder and CTO Hemesh Singh quits edtech startupHemesh Singh, cofounder of Unacademy, transitions from CTO to advisory role after a decade. Singh's exit is the latest in a series of high ...
- How Unacademy board tweaked targets for founders’ voting rightsEdtech unicorn Unacademy has changed the target for its cofounders Gaurav Munjal and Hemesh Singh to access additional voting rights throug...
- Unacademy elevates Jagnoor Singh as COO of offline centres businessSingh was Unacademy group’s chief business officer for a little over two years. The reorganisation comes in a series of top-deck changes at...
- Unacademy appoints Pratik Dalal CFO of its offline centres businessDalal was most recently heading business finance at Cred, prior to which he was VP of business finance at Flipkart.
- 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...
- 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.
- 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 ...
- Accenture says Unacademy hack has no impact on its data"Accenture has no professional relationship with Unacademy, and any implication or assertion otherwise is erroneous. Accenture has suffered...
- Unacademy information on sale on the darkwebAccording to Cyble, the database including usernames, emails and passwords was up for sale on May 3 for $2,000.
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