Gaurav Munjal refutes claims made my media that Unacademy is in dire times

What is with these loss making startup founders who give bucketloads of gyaan despite their ventures making losses galore. Gaurav of Unacademy wrote a thread and nitpicked on Byju’s yet everyone is aware of the ground reality of operations at Unacademy. Link to tweet - https://x.com/gauravmunjal/status/1806402269874999492?s=46

This dude always wants to be in the headline for everything outside of his own company doing well, generating profits 🤡😂

The negativity brigade is out in full force against Unacademy lately. Honestly watching this relentless media agenda against us is like watching a bad tv show. As someone who's part of the team, I want to set the record straight. First off, Gaurav Munjal is the smartest, visionary entrepreneur in the country. He's basically a genius. Like a legend, truly amazing! My observation is that people who are throwing a shade have never built a startup themselves or have never led anything more complex than a lemonade stand. They are simply jealous of Gaurav's awesome success. Meanwhile, legends like Bhavish and BeerBiceps are cheering Gaurav on. Coincidence? I think not! Oh and layoffs! Every company does it – it's just business 101. Times are tough - stop whining and smell the coffee. This isn't a reason to target Gaurav. I see a lot of snowflake work-lifers who only want to work from 9 to 9 for 5 days. We did indulge you, didn't we? If you really don't want to be "laid off", what is stopping you from doing great work? Even better - why don't you start your own company and keep this stupid to 9-9-5 policy and "not lay off" these work-lifers who are a burden on your company? Let's focus on constructive support and recognize the efforts of those truly making a difference.

The new policies introduced by CFO Subramaniam in last 6 months have dented company's revenue massively. His decisions will show results in long term, but in short term they are incurring losses. In the last investor meeting held with peak xv and softbank, this is the question investors were putting- 1. Why the personal distribution policy of educators was implemented without concrete plan in place? 2. Why growth declined in some of the most profit making businesses? 3. Why were educators being paid heavily without including S&M cost and Tech cost to their revenue? 4. Why suddenly there was a mass dropout of existing educators who were helping in driving revenue? Good or for Bad, investors feel that decisions lacked ownership and growth intent. Peak xv and softbank decided to replace CFO with their internal finance consultant, likely Jai Decosta. What is your take on the decision?

Unacademy elevated Jagnoor as (COO) of its offline centres business in January this year. However due to tiff with GM, he has decided to part ways with Unacademy. Unacademy is nearing its death with every leadership exit.

Rumours are floating that Unacademy is getting sold by one of its main investors to another Edtech company in their portfolio for just 400 Million dollars, their last round valuation was 3.5 Billion dollars But founder Gaurav Munjal said they have 200 Million in the bank. Getting confused - Is this a repeat of Byju 2.0? They have fired the CTO and co-founder Hemesh Singh and Roman Saini ( other co-founder) is also not seen anywhere I am worried if more people are to be laid off?

https://entrackr.com/2024/06/exclusive-unacademy-in-talks-to-merge-with-orchid-schools-owner-k12-techno/