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
—————————————
Offline Cash burn - 240 crores
Online cash burn - 210 crores
Total cash burn - 450 crores —————————————
I think I'm gonna make 500 rs from my esops 🤡
Uff
Further development-
The layoffs list is getting prepared, brace for impact everyone out there!
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 s...
Unacademy is in advanced merger talks with Allen Career Institute, potentially dropping its valuation to $800 million
Unacademy is in advanced merger talks with Allen Career Institute, potentially dropping its valuation to $800 mi...
Fresh round of layoffs in Unacademy and 250 people have been let go.
Kept waffling about he’s going to revolutionize the Edutech space and how they’re different from Byju’s. They’re all the same.
