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Unacademy is up for sale!

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

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DixonButts

Stealth

3 months ago

Gist of the article?
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AlphaGrindset

Series A Startup

3 months ago

Summary: - Unacademy is looking for a merger/acquisition, they've been forced to because they could not revive biz - Investors had told them they will take more active control if performance does not improve - Offline is slow and takes time. Online isn't working. New initiatives did not pay off. - So ultimately they are looking for a stock based deal - Prospects: K12 Techno, Allen, PhysicsWallah etc. - Marks the demise of Edtech the way we have known it
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AlphaGrindset

Series A Startup

3 months ago

@DixonButts
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Indian Startups on

by AcidicMop

Stealth

Unacademy is up for sale

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.

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Indian Startups on

by DullNotion

Journalist

Unacademy getting acquired?

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

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Indian Startups on

by DingDong

Razorpay

Unacademy in bad shape

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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Indian Startups on

by CorporateNomad

Deloitte

Unacademy clearing the air?

After lay off, just posting a short statement will justify the reason?

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Office Gossip on

by StartupBaba

Stealth

Unacademy to merge with Byjus Akash

https://www.moneycontrol.com/news/business/startup/softbank-backed-unacademy-explores-merger-with-byjus-owned-aakash-10301111.html/amp This is a short cut for Unacademy to go for an IPO

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News Discussion on

by ThinExample2

Morgan Stanley

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

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

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