June peak season hai. I don't think October mein he can tweet this

Operations Manager

Apparently layoff was the answer? That means product is still not fir at unit economic level

Growth Manager

Company has turned cashflow positive as per the founder. However all the founders have been selling their stake non stop whenever the funding came. That should communicate about the future that they are envisioning for the company

Crap. This is all sham. These 2 founders really don't know how to do business. They seem to be only filling up their bank accounts and tummy. Never seen such big losers.

Business Development Manager

Welcome to Indian Startups's Private Community

Unacademy - first cash flow positive month since inception

Brand Marketing Manager

Unacademy - first cash flow positive month since inception- Grapevine

1 year back all startups were losing money like crazy while all of a sudden everyone from Swiggy to Meesho to Unacademy are profitable or EBITDA positive.
Other companies which were profitable earlier have not shown a spike in profit.

Were these companies uselessly burning money earlier if they can just suddenly become profitable in 6-8 months

Profitable startups

Product Manager

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

Unacademy’s Loss Falls 40% FY2023

Founder

Ah, this is relatable.

Chartered Accountant

who will be the Trivedi amongst unicorn startups that will survive the funding winter?

sab marenge, sirf Trivedi bachega

Software Engineer

What's up with Unacademy?

Product Marketing Manager

Welcome to News Discussion's Private Community

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

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

Alakh Pandey bagged 9.6 crore in FY22. Fair game?

Data Scientist

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

Dukaan turned profitable

Isne Twitter post auto trigger pe rakh diya tha. 
  
 if profit > 0 { 
  postOnTwitter(); 
  } else { 
  initiateLayoffAndCreatePostOnAI(); 
 }

Generalist

Unacademy news

Principal Engineer

This is great going by Unacademy

Investor

Welcome to Office Gossip's Private Community

One of my friends was working with Unacademy, & contributed well in Business/Revenue - first got into a bad culture and decided to exit. 

Joined another company and got back to back notices from the last org and also a notice on Cancellation of vested ESOPs. Kat gaya bhai ka! 

Stay aware guys :)

Stay away from ESOPs tuchiyapa :)

Link: https://inc42.com/buzz/unacademy-fires-another-250-employees-to-turn-profitable/

Unacademy fires 250 employees to 'turn profitable'

Pathetic. How many times these so called another layoff?  
 This is pure scam. Such kind of CEOs and CTOs have no right to be at such higher places. These id*ots come to media and give lectures also. There should be some laws in place for layoffs. These People wake up and do layoff. Some get funding and then do layoff and some vice versa. Some fire and then again post about hiring next month shamelessly. It's like a fashion for the. Layoff is no more a last resort these days.  
 These kind of companies will surely go down the drain.  
 CEOs and higher management should be made to disclose their salary and perks so that junior employees should also know how much salary difference is there and is there really a need for cost cutting.  
 Of not, we should atleast stop respecting/ideologise such people. If possible stop using/promoting their products as well. Treat them the way they treat employees.

I work in a slowing industry (Ed-Tech!) in a generalist role (Project Management!) for half a decade now! You'd think I would be better positioned to deal with life! Heck, NO! 

This crippling feeling of insecurity or job loss always puts an extra stress on day to day life. I couldn't take any risks in terms of a house or a car or a big EMI purchase in life! 

What if I get laid off? Will this generalist role help in landing anything next? Do I need an MBA for that? Switching to any specialized roles will take extensive preparation with time being in short supply with family and kids! 

Seem to have been strangled in the startup world. Any cure for this?

P.S : Sometimes thinking : Mommy sahi bolti thi. Govt job le leni chahiye thi. :D

How to get rid of layoff fear and feel secure?

Project Manager

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 🤡

Program Manager

Welcome to Personal Finance's Private Community

I know it's not a big amount, but felt like announcing this. Here's my nw breakdown-

FD/Emergency fund: 5L
MF/stocks: 1L
Sitting around: 4L (can't get myself to invest it, the market seems very overvalued. Will try to invest this in small chunks over a duration)

Next target is 50L, it'll take much longer than this 😭

Unacademy - first cash flow positive month since inception

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