Because two cash burning monstrosities are more valuable than one? 
  
 I don't get this deal at all, can anyone here make sense of it?

Probably trying to convince investors that together they are worth a large piece of India's edtech market and that they should do one last ride one more time like it's some fast and furious shitshow

Founder

Investor

What a BIG fall it will be!! UnAcademy guy left IAS started UnAcademy only to have it merged like this!🤷‍♂️

Software Engineer

Strategy & Operations

https://www.moneycontrol.com/news/business/startup/softbankbackedunacademyexploresmergerwithbyjusownedaakash10301111.html/amp  This is a short cut for Unacademy to go for an IPO

Welcome to Office Gossip's Private Community

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

Growth Manager

Unacademy to merge with Byjus Akash- Grapevine

Welcome to Indian Startups's Private Community

A merger with Aakash would have given Unacademy a shot at making a go of it in offline coaching. Without it, Munjal’s task of keeping his company afloat is that much harder.

Byju’s is in no rush to save Gaurav Munjal’s Unacademy - The Morning Context

Journalist writing clickbait articles

Business Development Manager

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

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

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

Unacademy is up for sale!

No merger between byju akash and unacademy

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

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?

Unacademy in bad shape

Program Manager

My first startup had a smoking zone where there was gramophone looking art piece where people used to dump their ashes. Later someone told me that it’s a Bluetooth speaker and no one cared to put it back after the party that happened two weeks back. 

That was true culture shock.

What are some of the mindless things that high funded startups do?

Mukesh Ambani and Reliance are planning to buy out BYJU'S liabilities in the Bankruptcy process at throw away valuations.

Since existing investors have lost interest in the company, now their say won't matter. The highest bidder will be able to buy out BYJU'S. 

Great opportunity for Ambani's, Tata's and Adani's of the worst. The infra, IP and tech that BYJU'S has is easily worth more than a Billion dollars cakewalk. This is way lesser than their liabilities.

Looks like the employees and ex employees are after all safe.

Ambani - BYJU'S

Interesting. That means Jio and Mota bhai will have a pie in every aspect of the Indian economy from the government to the infrastructure to the education that is imparted. Good good

After fooling countless customers, investors, loan partners, byjus employees are now all set to destroy what little is left to Unacademy.
Unacademy is now frantically hiring people from BYJUs across all levels and verticals. With BYJUs employees employment stood on the base of false promises and unethical sales, it is just a matter of time, Unacademy will become the new BYJUs.

With the company’s product first approach and the apprehension towards aggressive selling, it is disheartening to see the new fondness towards BYJUs.

Uncademy the new Victim to BYJU’s

Category Lead

Looks like some news in edtech. Whats your take?

Edtech unicorn Unacademy is in discussion to merge with K12 Techno, which runs the chain of Orchids International Schools.

Exclusive: Unacademy in talks to merge with Orchid schools owner K12 Techno

Unacademy and k12 techno merger

Consultant

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.

Operations Manager

A lot of noise inside unacademy around this news.

Apparently Gaurav will move aside and let Mrinal Step in and take over as CEO role to help Unacademy grow. This has been confirmed by senior folks from the Unacademy CEO's office team. 

Edtech space is truly getting hot with each passing day. Official announcement later this week.

Mrinal Mohit joining Unacademy as CEO

Sad state of Indian Edtech. Next would be Unacademy.

BlackRock has yet again cut the value of its holding in Byju's, slashing the implied valuation of the Indian startup to $1 billion from $22 billion in BlackRock has cut the value of its holding in Byju's, slashing the implied valuation of the Indian startup to $1 billion from $22 billion in early 2022.

BlackRock cuts Byju's valuation by 95% to $1 billion | TechCrunch

Just in : BlackRock cuts Byju’s valuation by 95% to $1 billion 🌀

Any Goss on the financial health of Edtech firms like LEAD, Unacademy?
I hear there's one more round of layoffs coming.

Unacademy to merge with Byjus Akash

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