Unacademy
Working at Unacademy
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About Unacademy
Unacademy is India’s largest, online learning platform. It allows educators to create courses on various subjects. Our vision is to get the best minds of the country to share knowledge in an easily comprehensible form. In terms of traction, our platform attracts more than two million video views monthly and the growth is mostly organic. You can find out more about our journey in this YourStory article: https://yourstory.com/2016/08/unacademy-funding-blume-ventures/. • In a span of 6 months, over 300,000 students have benefited from over 2,400 online lessons and specialized courses on cracking various competitive examinations, on our platform. • With over 2 million views every month, we are touching the lives of people in the remotest corners of the country. Check us out: https://blog.unacademy.com/ https://medium.com/@unacademyHQ Our Channels on YouTube: https://www.youtube.com/user/unacademy https://www.youtube.com/channel/UCHEe_mO3BXSlU3xpK52Zr4g Follow us: Facebook: https://www.facebook.com/unacademy Instagram: https://www.instagram.com/unacademy/ Twitter: https://twitter.com/unacademy
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Change Company | Change Company | Change Company | ||
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Overall Rating | 3.0/5 based on 1.9k reviews | 3.1/5 based on 16k reviews | 3.7/5 based on 1.8k reviews | 3.8/5 based on 154 reviews |
Highly Rated for | No highly rated category | No highly rated category | Salary | No highly rated category |
Critically Rated for | Job security Promotions Work-life balance | Job security Work-life balance Company culture | No critically rated category | Promotions Work satisfaction |
Primary Work Policy | Work from office 67% employees reported | Work from office 65% employees reported | Work from office 66% employees reported | Hybrid 62% employees reported |
Rating by Women Employees | 3.2 Average rated by 646 women | 3.2 Average rated by 3.6k women | 3.4 Average rated by 441 women | 3.5 Good rated by 36 women |
Rating by Men Employees | 2.9 Poor rated by 1.1k men | 3.0 Average rated by 10.7k men | 3.7 Good rated by 1.1k men | 3.9 Good rated by 100 men |
Job security | 2.2 Poor | 2.3 Poor | 3.4 Average | 3.6 Good |
Unacademy Salaries
Senior Business Development Executive
Business Development Executive
Educator
Sr. BDE
Sales Manager
Senior Business Development Associate
Business Development Manager
Category Manager
Business Development Associate
Associate Director
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Unacademy News
Quick service app Snabbit Gets $5.5 Mn Funding
- Snabbit, a quick service app for hyperlocal on-demand home services, has raised $5.5 million in Series A funding round led by Elevation Capital.
- Existing investor Nexus Venture Partners and angel investors also participated in this round, including Meesho co-founders Vidit Aatrey and Sanjeev Barnwal, Unacademy co-founder Gaurav Munjal, and Spinny's founder Niraj Singh.
- The funds will be used to attract customers, expand into more areas in Mumbai, and hire talent to improve operations and technology.
- Snabbit's platform provides quick, on-demand and affordable home services through a hyperlocal network of professionals. The company plans to expand into areas like cooking, childcare, and elderly care.
Early-stage startup accelerator Peercheque opens applications for its 2025 Origins programme
- Peercheque opens applications for its 2025 Origins programme.
- The programme aims to launch four new startups, focusing on AI and fintech.
- Origins is a four-month intensive programme with tailored mentorship.
- Previous startups supported by Peercheque include Dukaan, MPL, Unacademy, and Pocket FM.
Layoffs in 2024: These startups grappled with workforce cuts
- Indian startups continued to struggle with workforce cuts in 2024, even as some showed signs of recovery.
- Ola Cabs and Ola Electric cut employee numbers due to operational challenges.
- Paytm, Byju’s, Swiggy and Flipkart also laid off workers during the year.
- Byju’s let go of 500 employees from its marketing and sales teams, while Swiggy cut 350-400 jobs.
- Flipkart laid off between 1,100-1,500 individuals and suspended fresh hiring for a year.
- Paytm also cut jobs, with its payments bank unit trimming its workforce by 20%.
- Unacademy dismissed 250 employees while ShareChat cut 40 jobs.
- Culture.fit laid off 100-120 individuals and Good Glamm Group let go of 150 workers.
- Despite a slight recovery for some startups, layoffs in India's emerging tech sector remained high in 2024.
- Ola Electric revealed the cutting of 300-400 jobs with potential for further layoffs.
Vedantu’s FY24 Loss Falls 58% To INR 158 Cr
- Edtech unicorn Vedantu's net loss declined 58% to INR 157.52 Cr in FY24.
- Vedantu's revenue from operations increased 21% to INR 184.50 Cr in FY24.
- Expenses reduced by 34% to INR 367.79 Cr in FY24 due to cost-cutting measures.
- Vedantu faces competition from Unacademy and Allen Career Institute in the Indian edtech sector.
Unacademy Trims Net Loss To INR 285 Cr In FY24
- Unacademy, led by Gaurav Munjal, reduced its net loss by 82.09% to INR 285 Cr in FY24.
- The operating revenue dipped by 2.31% to INR 716 Cr in FY24.
- Unacademy's total income was INR 864 Cr, and other income increased to INR 148 Cr in FY24.
- The startup reduced its total expenditure by 53.29% to INR 1,149 Cr in FY24.
Unacademy narrows losses by two-thirds, but sees revenue decline in FY24
- Edtech unicorn Unacademy reported a consolidated loss of Rs 630.9 crore in FY24, a decrease of 62.4% from the previous year.
- Operating revenue of Unacademy fell 7.4% YoY to Rs 839.8 crore in FY24.
- The decrease in revenue is attributed to a shift in focus towards offline business and a decline in revenue from the online test preparation segment.
- Unacademy reduced its expenditure by 40.5% YoY to Rs 1,627 crore in FY24, driven by a decline in employee benefits and other expenses.
Unacademy’s $800 Mn Question & The Future Of Edtech
- Reports are indicating that Unacademy is close to an acquisition but denied by CEO Gaurav Munjal.
- Potential deal could signal silver lining after troubled times of past 2 years.
- Unacademy CEO has claimed that 2024 will be the best year for the edtech startup for growth.
- Unacademy narrowed is consolidated net loss by 40% in FY23 (ended March 31,2023).
- Unacademy has seen a slew of exits in addition to laying off employees to improve bottom line.
- Competition in edtech has heated up with rival startups such as Physics Wallah raising significant amounts of capital.
- Unacademy may need significant improvement in unit economics to be viable for acquisition.
- Munjal's claims for 2024 need to be backed by improved financial disclosures.
- Indian startups show funding resurgence with $249.6 Mn raised across 18 deals in past week.
- Venture capital firm Antler backs 30 Indian startups with maiden $75 Mn fund totalling India portfolio to 80 startups.
Unacademy CEO Gaurav Munjal Says Company Not Up for Sale Amid Rumors
- Unacademy CEO Gaurav Munjal has clarified that the company is not up for sale amid rumors.
- Munjal emphasized Unacademy's commitment to its long-term vision and building for the future.
- Unacademy is in a strong financial position with cash reserves of approximately Rs 1,500 crore and no debt.
- Despite a decline in revenue, Unacademy has shown improvements in losses and demonstrated growth in its business.
Unacademy CEO Gaurav Munjal Denies Sale Rumours, Focuses on Long-Term Growth
- Unacademy CEO Gaurav Munjal denies sale rumours and focuses on long-term growth.
- Unacademy remains committed to building for the long run and dismisses rumours of a sale or merger.
- Unacademy reports 30% growth in offline centres and improved unit economics.
- Unacademy's SaaS vertical, Graphy, achieves 40% profitable growth in 2024.
Unacademy CEO denies reports of deal with Allen Institute, says 'We are not doing any sale or M&A'
- Unacademy CEO Gaurav Munjal denies reports of deal with Allen Institute, states the company is not looking for any sale or M&A.
- Munjal highlights Unacademy's strong financial standing with cash reserves of $170 million and no debt, ensuring a runway of over four years.
- Unacademy's offline business and overall unit economics experienced significant growth, while the online test preparation segment improved efficiency despite facing degrowth.
- Graphy achieved 40% profitable growth, and Airlearn achieved an annual recurring revenue of nearly $400,000 in the U.S.
Unacademy Subsidiaries
PrepLadder
CodeChef
Kreatryx
wifistudy
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