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
Unacademy’s last 12 months performance
IIT and NEET centres - 340 crores
UPSC Centres - 30 crores
Online Test Prep - 285 crores
UPSC - 80 crores
K12, IIT JEE NEET - 60 crores
Bank PO SSC - 20 crores
Legal exams - 20 crores
CAT- 30 crores
GATE - 40 crores
CA - 25 crores
State govt exams - 10 crores
Total revenue - 655 crores
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Offline Cash burn - 240 crores
Online cash burn - 210 crores
Total cash burn - 450 crores
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Casuallycrying
Stealth
3 months ago
I think I'm gonna make 500 rs from my esops 🤡
Further development-
https://www.financialexpress.com/jobs-career/education-unacademy-k12-techno-services-in-merger-talks-3528442/lite/
The layoffs list is getting prepared, brace for impact everyone out there!
