OurSavior

Unacademy is up for sale!

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

4mo ago

AlphaGrindset

Series A Startup4mo

Summary:

Unacademy is looking for a merger/acquisition, they've been forced to because they could not revive biz
Investors had told them they will take more active control if performance does not improve
Offline is slow and takes time. Online isn't working. New initiatives did not pay off.
So ultimately they are looking for a stock based deal
Prospects: K12 Techno, Allen, PhysicsWallah etc.
Marks the demise of Edtech the way we have known it

AlphaGrindset

Series A Startup4mo

@DixonButts

DixonButts

Stealth4mo

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AcidicMopStealth4mo

Unacademy is up for sale

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...

DullNotionJournalist5mo

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...