Avalon Scenes is a community platform run by Varun Mayya along with his founders. In the last few months the founders have been heavily doing podcasts and content creation.
Yesterday they announced that they sold the app to Graphy from Umacademy. What's the reason? What's the valuation they were sold? Any insight?
They acquired the company for an amount that's lesser than most SPM salaries. They've done it to compete with Rigi, which is finding traction in creating community engagement for creators.
GM wanted a new toy, his team found him.
They acquired the company for an amount that's lesser than most SPM salaries. They've done it to compete with Rigi, which is finding traction in creating community engagement for creators.
No idea about the reason or valuation.
But can you tell me why Avalon is not available on the play store?
I am a veteran. Was active when Scenes used to be Avalon Meta.
Ohh
Unacademy founders are angel investors in Avalon and they got it for free
That shitshow of a company called Unacademy is in tatters, Byju’s is being chased by lenders globally and these fkers have the audacity to do acquisitions????
Unacademy continues to lay off more people every month! HOW TF IS ONE OF THEI...
Though in all probability, what you've already heard is true.
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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...
Anyone Knows what is this business division of the same product?