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?
Gaurav Munjal ka the end hai yeh. Iski boAt fatt gyi lol.
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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 dollar...
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.
Check out this for more context: https://themorningcontext.com/internet/unacademy-is-up-for-sale-merger-or-bailout
After lay off, just posting a short statement will justify the reason?
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...