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Unacademy

Unacademy is up for sale!

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

6mo ago
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WigglyBanana
WigglyBanana
Stealth6mo

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
WigglyBanana
WigglyBanana
Stealth6mo

@DixonButts

SwirlyWaffle
SwirlyWaffle
Stealth6mo

Gist of the article?

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