Unacademy Archives

In FY22, the revenue and losses of Unacademy surge over 80%
Due to rising ESOP costs, Unacademy's losses nearly doubled to Rs 2,848 crore in FY22

Sneha SinghOctober 27, 2022

Unacademy is no exception because edtech companies have had a problematic current fiscal year. The SoftBank-backed company entered offline learning in FY23 afte...

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In yet another cost-cutting initiative, Unacademy suspends contracted doubt solvers for six months

Aayush PathakAugust 2, 2022

The eSoftBank-backed digital learning titan Unacademy has halted the contracts of a few of its instructors who help students with their NEET and IIT-JEE doubts....

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Unacademy to go public within 2 years – CEO Gaurav Munjal
EdTech company is implementing cost cutting measures in order to achieve profitability as soon as possible

Thomas BabychanJuly 12, 2022

Chief Executive Officer of Ed-tech company Unacademy, Gaurav Munjal, said on Monday that the financial management of the company is currently not efficient at a...

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Edtech Start-up Unacademy Increases Their ESOP by 20%
Unacademy's move to increase its ESOP pool comes at a time when the company laid off over 750 employees including educators

Vishvas NarayanJuly 10, 2022

Edtech start-up, Unacademy, has recently come out to say that the company has decided to up their employee stock option plan pool by 20%. This is according to t...

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Unacademy Co-founder Gaurav Munjal Says Edtech is Here to Stay
"EdTech is here to stay. In fact I am more bullish on it than I ever was."

Vishvas NarayanJune 25, 2022

The education tech industry in the country has been facing massive slumps over the past year. During the coronavirus pandemic and the ensuing national lockdowns...

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1,000 Unacademy Employees Sacked in Cost Cutting Exercise
Many of these employees are educators contracted to the company

Vishvas NarayanApril 8, 2022

Educational start-up company, Unacademy were forced to lay off around a thousand employees as they go through a cost cutting procedure to stay afloat. According...

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EdTech firms can’t be allowed to offer Degrees or Diplomas, says AICTE chairman

BalrajJanuary 31, 2022

The government is not hostile to EdTech firms, according to Anil Sahasrabudhe, chairman of the All India Council for Technical Education (AICTE), but they canno...

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Masayoshi Son, chairman and chief executive officer of SoftBank Group

Masayoshi Son says SoftBank is India’s largest foreign investor, having invested 10% in unicorns

BalrajDecember 5, 2021

Masayoshi Son, the founder of SoftBank Group, stated that he believes in India's bright future and the ambition of the country's young entrepreneurs. Courte...

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Unacademy acquires K-10 live tutoring platform Swiflearn

BalrajNovember 4, 2021

Bengaluru-based ed-tech unicorn Unacademy has announced the acquisition of Swiflearn, a live tutoring platform, for an undisclosed amount. The acquisition is in...

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Zomato CEO Deepinder Goyal joins Unacademy Board of Directors

BalrajOctober 21, 2021

Deepinder Goyal, Founder, and CEO of Zomato have been appointed to the board of directors of ed-tech unicorn Unacademy. Zomato Founder and CEO Deepinder Goy...

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