is there a vesting clause for these options? or instant vesting?

Business Associate

Growth Manager

Software Engineer

Very bad for the employees when inflation is around 10%

Welcome to News Discussion's Private Community

Unacademy giving stocks options rather than giving Appraisals

Unacademy giving stocks options rather than giving Appraisals- Grapevine

Welcome to Office Gossip's Private Community

Unacademy to not do cash appraisals in 2023, will instead compensate with stock options

No Appraisals at Unacademy

No Appraisals at Unacademy in 2023

Fair valuation of Unacademy

Business Development Manager

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?

Why was unacademy CFO fired?

Consultant

Welcome to Indian Startups's Private Community

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

What has been the current appraisal in companies this cycle? Respond with company name, your level, and percent cash hike.

Appraisal cycle

Unacademy has gone bonkers 💩

Program Manager

Check out this for more context: https://themorningcontext.com/internet/unacademy-is-up-for-sale-merger-or-bailout

Unacademy is up for sale!

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

Despite being a one customer I have faced so many issues this week on swiggy! So frustrating.. 
1. delayed delivery, 
2. spoilt food, 
3. expired items (instamart) 

so frustrating to use this app?

Swiggy folks wth guys!?

Swiggy service is getting bad to worse

Product Manager

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

There are multiple VPs and Directors leaving in parallel. Is this a mass exodus of senior leadership any indication of the state of the company?

Dale Vaz, Swiggy CTO has resigned

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 🤡

Unacademy news

Principal Engineer

Welcome to Personal Finance's Private Community

I have taken up premium subscription of an equity advisory. They suggest me stocks to buy and sell. They offer two portfolios one for long term another one for short term.
They told me I can expect a cagr of 30% over long term( from their historical data) .
I am planning to invest annually 30% of my income into the long term portfolio. This over some years could give me huge returns.
Note: I am not promoting them but I wanted to know if anyone in this community also uses some equity advisory to generate long term wealth. I'd like to know what features they come up with.

Are stock advisory subscriptions worth it?

Getting interviewed there for a sr business role. They are diversifying into a Naukri space with their product- Nextlevel.

What’s your take on their work culture at leadership level and the focus on actual value creation?

How is Unacademy as a company to work?

Sales Leader

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?

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