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Unacademy news

Principal Engineer

Unacademy news- Grapevine

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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

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

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 💩

Unacademy Again...

Growth Manager

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

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

Unacademy is up for sale!

Software Engineer

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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

Unacademy to merge with Byjus Akash

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

Just read in the news that they had another round of layoffs today of 10% of the workforce, 

What’s going on there?!

The layoffs would happen across verticals, some of which would also be shut or scaled down, Munjal told employees in an internal email, a copy of which was seen by Moneycontrol. 

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