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UNACADEMY PAY CUT
UPI blocks other payment modes; Unacademy's Esop troubleHappy Monday! Beyond the fast-growing UPI, other payment methods in India see stagnation. This and more in today's ETtech Morning Dispatch.- 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-Allen deal; Swiggy Q2 earningsHappy Wednesday! Unacademy and Allen Career Institute have been in talks to strike a deal but the terms are yet unclear. We have details of...
- 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...
- Relevel to pivot to test products and NextLevel, Gaurav Munjal tells employeesLaunched on Tuesday, NextLevel competes with professional networking platform Linkedin and aims to help individuals be a part of a rating s...
- IPL: Saudi tourism replaces Unacademy as official partnerSTA is the second Saudi entity to sponsor IPL, after Saudi Aramco which is the exclusive sponsor of Orange Cap and Purple Cap, which are gi...
- YouTube offers LMS-Style 'Courses' to Creators. Details hereAlthough the instructional video has been available on YouTube for some time, this will allow artists to give viewers a more thorough, stru...
- Unacademy cuts another 350 jobs in second round of layoffsUnacademy CEO Gaurav Munjal said employees being laid off will receive severance pay equivalent of their notice period and an additional tw...
- Mastercard set to replace Paytm as title sponsor for all BCCI matches in IndiaBCCI is expected to re-assign the rights at the same price–Rs 3.8 crore per match–to Mastercard.
- Is the free lunch over at startups?Marketing budgets are getting slashed, layoffs are becoming commonplace, founders and top management are taking pay cuts, and perquisites —...
- Unacademy founders, management to take pay cuts; shut global test prep businessUnacademy chief executive Gaurav Munjal said in a note to his team that they must ‘embrace frugality as core value as the company eyes IPO ...
- Unacademy won't sack more workers to cut costs, CEO Gaurav Munjal clarifiesIn April, Unacademy fired around 1,000 employees to cut costs Of these, about 300 were educators who worked with Unacademy on a contractual...
- Byju’s yet to close $800M round; govt may quiz FB, Twitter on compliance rateFellow edtech giant Unacademy, meanwhile, is giving its founders and top management pay cuts and shutting its global test prep business as ...
- Pay cuts for edtech giant’s top brass; UPI duopoly worries MPsUnacademy will slash the pay packages of its founders and top management, and shut down its global test prep business, its CEO told employe...
- Over 22,000 techies lose jobs in US, more than 12,000 in Indian startupsStartups now say it is much more difficult to raise new funding in this gloomy environment.
- Unacademy CEO warns of long funding winter; Infy CEO’s pay rose 43% in FY22Gaurav Munjal, cofounder of SoftBank-backed Unacademy, has told its employees the funding winter will last at least 12-18 months, saying th...
- 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.
- 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 lays off 1,000 employees; Coinbase in India ‘for the long haul’Unacademy, the edtech giant that began as a YouTube channel in 2015, has laid off around 1,000 employees over the past few weeks as part of...
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