They acquired the company for an amount that's lesser than most SPM salaries. They've done it to compete with Rigi, which is finding traction in creating community engagement for creators.

Program Manager

Product Manager

No idea about the reason or valuation.  
 But can you tell me why Avalon is not available on the play store? 
  
 I am a veteran. Was active when Scenes used to be Avalon Meta.

Software Developer

Unacademy founders are angel investors in Avalon and they got it for free

Growth Manager

Avalon Scenes is a community platform run by Varun Mayya along with his founders. In the last few months the founders have been heavily doing podcasts and content

Avalon Scenes is a community platform run by Varun Mayya along with his founders. In the last few months the founders have been heavily doing podcasts and content creation. 

Yesterday they announced that they sold the app to Graphy from Umacademy. What's the reason? What's the valuation they were sold? Any insight?

Why did Graphy acquire the Avalon Scenes app? And at what valuation?

Why did Graphy acquire the Avalon Scenes app? And at what valuation?- Grapevine

Welcome to Indian Startups's Private Community

That shitshow of a company called Unacademy is in tatters, Byju’s is being chased by lenders globally and these fkers have the audacity to do acquisitions????

Unacademy continues to lay off more people every month! HOW TF IS ONE OF THEIR COMPANIES SPENDING MONEY ON ACQUISITION????

What a shit show.

Graphy just bought Scenes???

Any scoop on how much did Graphy acquire Scenes for?

Generalist

Though in all probability, what you've already heard is true.

I've worked with the CEO/COO at Unacademy. AMA.

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 Office Gossip's Private Community

Anyone Knows what is this business division of the same product?

What is this Graphy and Graphyx at Unacademy

RS is in San Francisco with GM. In a meeting with Softbank and PeakXV leadership, RS has officially submitted his resignation to the board of directors.

He holds 3.5% equity at Unacademy. He will apparently be getting an exit of around ~800 Crores. 

Formal transition has already begun and his BU's are being shut or merged. 

- CG : Shut 
- Graphy + GraphyX : To be merged next week

Breaking : Unacademy IAS Cofounder Submits his resignation

Welcome to Business Roles's Private Community

Hey grapeviners

I have an opportunity for mid level manager position at graphy in a non-tech role. Do you think it's worth joining the company considering their past.

Please help this lost guy!

Job at Graphy by Unacademy

Welcome to Product Managers's Private Community

I wonder why all the PM's of Unacademy are leaving. A handful of those left are planning to switch.

Are product managers at Unacademy frustrated ?

Software 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

Welcome to News Discussion's Private Community

LightFury Games, a gaming startup launched by Karan Shroff, plans to utilise the new capital to develop AAA games in India and will initially focus on mobile gaming before expanding to other platforms, including consoles.

Why did Graphy acquire the Avalon Scenes app? And at what valuation?

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Wow. $8.5Mn at Seed, that is some raise. Ex CMO of Unacademy started their gaming studio.