What shut down? prep ladder or unacademyX?

Product Manager

Growth Manager

Unacademy Again...

Unacademy Again...- Grapevine

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Unacademy news

Principal Engineer

Welcome to Indian Startups's Private Community

There has been internal new circulation going on that the IAS Co-founder at Unacademy is finally leaving the organisation.

He already sold his stakes in the company worth 700Cr last year and was sticking around because of the face value

However with a failure to raise capital and grow revenue, Investors have asked roman to exit.

Unacademy is truly going deep shit.

Unacademy co-founder exits 🤦💩

Program Manager

Welcome to Office Gossip's Private Community

Recently got promoted- putting together a list of what makes a team great or not. Kick-off based on my last team:

Love- super chill team, real MVPs, no credit stealing 🏆
Hate- the manager never appreciated anyone, ugh 😮‍💨

Love/hate about your team or manager?

I don't understand, the sector that makes sureshot money on small and medium scale is continuously failing on pan India scale.

A small IIT coaching in Patna with 2 centres generates profit in crores but these Byjus and Unacademy are not really able to do anything significant in long run.

Unacademy is up for sale

Founding Engineer

or is this ZIRP era salary about to vanish soon. 💀

Do people really use Unacademy?

Most edtechs have been infamous for mis-selling, poor teaching , etc but are there any good startups who are doing great work?

Any good Edtechs worth joining?

Software Engineer

Unacademy has just laid off the entire team of NextLevel and will be shutting the business. 

It is interesting to note that Relevel underwent a major pivot after failure and was rebranded to NextLevel. Gaurav apparently blindly wrote how this product will take on LinkedIn and make CV's redundant. 

Guess another unacademy experiment has failed but several employees are facing the brunt of the CEO's immature experimental nature.

Unacademy layoffs have begun 🤡

Gaurav Munjal, cofounder and CEO of Unacademy group. Munjal said the restructuring exercise will impact about 10% of Unacademy employees, across the group.

Unacademy layoff

Unacademy just announced another round of layoff; 350 impacted

After a confirmed research, following resignations are happening at Unacademy, resulting in a massive instability in the organisation

1. CHRO
2. COO
3. CTO
4. VP IT & ADMIN
5. CBO ( JM)
6. HEAD OF OFFLINE CENTERS
7. GENERAL COUNSEL
8. IAS COFOUNDER


Adding to this, following BU's have been shut

1. Content Growth
2. Coheshve 
3. Next Level

TRULY SAD TO SEE THE HOUSE OF CARDS FALLING DOWN.

Series of resignations at Unacademy 👾

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.

Just in : Unacademy's COO for offline biz steps down

PREVIOUS POST GOT DELETED!


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 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?

More information in comments sourced via a friend

Unacademy getting acquired?

Journalist

Unacademy's COO has stepped down from his position today and will serve a notice period for the next 3 months. 


Adding to this, Top Educators and directors have resigned too. These are from test prep categories.

This seems like a massive call fallout of the company.

Unacademy in deep shit 💩

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.

Unacademy: Setting the record straight

Corporate Strategist

Unacademy’s FY23 Loss Falls 41% To INR 1,678 Cr, Posts INR 907 Cr Revenue

Unacademy’s Loss Falls 40% FY2023

Founder

Was interviewing at one of the acquisitions of a major edtech player for a design role in Bangalore roughly 2 years ago.

🚩 Didn't share agreement on email unless I came to office for a day's worth of work (after completing interview assignment).

🚩 Exit clause in agreement mentioned company can terminate contract any time with a few days notice, no provision for me ending contract (never in my life did I see such a one-sided contract).

🚩 Was asked to reuse free resources available online to repurpose content for them (why fucking raise funds if that's all you want to do).

🚩 Overheard - "Who cares about quality, just bring in teachers who are influencers that can bring more students behind them". Boiled my blood.

🚩 Was tweeting all of this in a discussion about edtech on some thread without naming the company. Got asked to chat with founder's office guy while I was leaving at the end of day. They either stalked my socials or somehow came across my tweets and wanted me to bring my concerns to seniors instead of sharing them publicly. Excuses that were given - "We are a growing company, not everyone here is on our payroll, there's a mismatch in our teams internally, will take time to fix" etc etc.

"You seem very passionate about education, you know how bad it is in India and we're trying our best to make a dent". Balls making a dent. I was even more furious by the time he was done talking.

Politely asked me to delete the tweets (which I later did because I believe in second chances and not burning bridges).

Did not sign agreement or return to work. Came to know later of more toxic stories coming out of edtech companies.

Avoid edtech in India like the plague if you're still considering applying anywhere, this shit is not worth any amount of money. They are literally destroying our future and care more about their investors and VCs rather than their students or even the larger startup ecosystem.

I hope these shitshows shut down soon.

Indian Edtech is a dumpster fire

Generalist

This is followed by GM's recent post. The real test for unacademy after fall of byju's is about to begin. unacademy must immediately do the following-

1. Bet on Offline
PAT of offline test prep giants in India-
- Allen: 421 cr
- Aakash: 328 cr
- Narayana: 528 cr
- Sri Chaitanya: 621 cr
- FIITJEE: 58 cr
If unacademy takes a big bet on offline, definitely they have a higher chance of reaching EBITDA positive by next FY

2. Stop paying Crores to online educators
- Seriously paying 2cr to 8 cr salary doesn't make any sense.
- The educators will work in 50-80 lakh salary easily. if not, let them walk away, unacademy has a bigger brand value than name of these educators.

3. Start an online centre for godsake
- PW, learn and fun, Vedantu, Rahul IAS, drishti not only have offline but online centres as well. 
- So apart from wfh teacher model, build a online learning centre model and pay industry standard payout.

4. Become the APPLE not Blackberry
You are a brand unacademy. Keep your standards above.

5. 🔥 GM. 
After Roman and Hemesh, GM should take an immediate exit. At this stage anyone is better but not GM. He abuses our directors and VPs and they thrash our ass.

Can unacademy save itself?

Consultant

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

Big: Unacademy merging with Orchid Schools in a 50-50 merger

Software Developer

So again Unacademy has asked people to leave, and asked them to resign.

Leadership is so clueless about what they are doing, they fired 3-4 people whom they had hired a month ago. Imagine the situation 😂

And I don't see this stopping at Unacademy anytime soon

They are aching left, right and centre. Still some people are making advt videos with Sachin.

And the nalla has time to tweet and enjoy vacation, I pity the investors who funded them.

Unacademy Again...

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