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
Unacademy Subsidiaries
PrepLadder
CodeChef
Kreatryx
wifistudy
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Change Company | Change Company | Change Company | ||
---|---|---|---|---|
Overall Rating | 3.0/5 based on 1.8k reviews | 3.1/5 based on 15.9k reviews | 3.8/5 based on 1.8k reviews | 3.7/5 based on 148 reviews |
Highly Rated for | No highly rated category | No highly rated category | Salary & Benefits | No highly rated category |
Critically Rated for | Job Security Promotion/Appraisals Work Satisfaction | Job Security Work-Life balance Company culture | No critically rated category | Promotion/Appraisals Work Satisfaction |
Primary Work Policy | Work from office 66% employees reported | Work from office 68% employees reported | Work from office 68% employees reported | Hybrid 60% employees reported |
Rating by Women Employees | 3.2 Average rated by 632 women | 3.2 Average rated by 3.6k women | 3.4 Average rated by 425 women | 3.5 Good rated by 34 women |
Rating by Men Employees | 2.9 Poor rated by 1.1k men | 3.0 Average rated by 10.6k men | 3.8 Good rated by 1.1k men | 3.8 Good rated by 96 men |
Job Security | 2.2 Poor | 2.3 Poor | 3.4 Average | 3.5 Good |
Unacademy Salaries
Senior Business Development Executive
Business Development Executive
Educator
Sales Manager
Sr. BDE
Senior Business Development Associate
Associate Director
Business Development Manager
Category Manager
Business Development Associate
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Unacademy News
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 CEO denies sale rumours, focuses on long-term growth
- Unacademy CEO, Gaurav Munjal, denies sale rumors and M&A discussions.
- Unacademy focuses on long-term growth in offline business and unit economics.
- Online test preparation business saw degrowth, but unit economics improved.
- Unacademy reports decreased cash burn, strong cash reserves, and profitable ventures.
Building Unacademy For Long Run, Not Doing Any M&A: Gaurav Munjal
- Unacademy cofounder and CEO Gaurav Munjal has denied reports of any sale or M&A.
- He clarified that Unacademy is focused on long-term growth and dismissed the acquisition rumors.
- Munjal mentioned that Unacademy's offline business and unit economics have shown significant improvement.
- Unacademy has a healthy cash reserve, reduced cash burn, and promising growth prospects.
Building Unacademy For Long Run, Not Doing Any M&A: Gaurav Munjal
- Unacademy cofounder and CEO Gaurav Munjal has clarified that the edtech startup is not looking for any sale or M&A.
- Reports of Unacademy's potential sale to Allen Career Institute for $800 Mn are dismissed as rumors.
- Unacademy focuses on long-term growth and expects 2024 to be its best year in terms of offline business and unit economics.
- Unacademy has seen improvements in its centers' business and unit economics, along with a decline in cash burn and a healthy cash reserve.
Unacademy Is Not Up For Sale, CEO Gaurav Munjal Says, Amid Reports Of Deal With Allen
- Unacademy CEO Gaurav Munjal denies reports of a sale, clarifying that the company is not up for sale or involved in any M&A activities.
- Earlier reports suggested that Allen was in talks to acquire Unacademy at $800 million, lower than its peak valuation of $3.4 billion.
- Munjal reassured that Unacademy has a strong financial position, with cash reserves of about Rs 1,500 crore, no debt, and a runway of over 4 years.
- In the fiscal year 2024, Unacademy recorded a total revenue of Rs 988.4 crore, a decline of 5.3% compared to the previous year.
Unacademy in Talks with Allen Career Institute for Potential $800 Million Sale
- Unacademy is in advanced talks with Allen Career Institute for a potential $800 million merger.
- The deal, if finalized, would value Unacademy at a significant drop from its peak valuation of $3.4 billion.
- The negotiations hinge on final approval from the Maheshwari family, promoters of Allen Career Institute.
- The discussions also involve deliberations on cash payouts for Unacademy's founders and early investors.
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