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Policybazaar founder warns of insurance squeeze; IT's buying spreeHappy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. ...- 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...
- 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...
- PoS terminal supply squeeze; Skyroot CEO on unicorn flightHappy Friday! The point-of-sale (PoS) supply has dried up in India as the West Asia conflict squeezes imports. This and more in today's ETt...
- IT reworks hiring for Gen Z; HCLTech CEO on AIHappy Thursday! India’s IT sector is seeing a sharp rise in replacement hiring as Gen Z professionals switch jobs faster. This and more in ...
- 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...
- 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...
- 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 has runway of four years with Rs 1,800 crore, cash burn cut by 60%: Gaurav MunjalThe cash runway will further extend to eight years because the startup continues to lower its cash burn, which is currently down 60%, he sa...
- 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 cash burn down to Rs 1.9 crore, revenue at Rs 130 crore in May: Gaurav MunjalThese claims come after Munjal said in November last year that the company had brought down its monthly burn down to $7 million (roughly Rs...
- 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 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 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...
- Unacademy cancels cash appraisals; staffers will be rewarded with stock optionsUnacademy’s cofounder and CEO Gaurav Munjal on Thursday told employees that appraisals for the financial year ended March 2023 stand cancel...
- 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 looks at omni-channel retail, launches physical storesThe Unacademy store will host a counselling area for learners; an in-house library for reading sources, as well as classrooms that will hos...
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