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Edtech major Unacademy claims it is on track to achieve group-level profitability this year as the company has been able to boost its group-level revenue by 26% for the calendar year (CY ...
Edtech unicorn Unacademy narrowed its losses by nearly two-thirds, but what’s concerning is the decline in operating revenue in FY 2023-24 compared to the previous year. The Bengaluru ...
Operating revenue declined by 7% to Rs 840 crore from ... In April 2022, it fired around 1,000 contractual and full-time ...
The move marks a significant pivot for Munjal and co-founder Roman Saini, who are stepping away from Unacademy to lead ...
EdTech giant Unacademy's overall revenue in Financial Year (FY) 2024 was Rs 988.4 crore, down 5.33 per cent from Rs 1,044 crore in FY23. However, the SoftBank-backed firm reduced its losses by 62 ...
Munjal, who has been contemplating stepping away since last year, is said to have formally communicated his intent to the ...
SoftBank-backed edtech company Unacademy expects its revenue from core business (online test preparation) to decline 15 percent in the calendar year 2023, even as it sees a 26 percent growth on ...
Unacademy founders to exit day-to-day operations, focusing on Airlearn spin-off and sustainable growth strategy.
When it comes to cost-cutting, the Unacademy group is downsizing the one part of the Relevel operations that was generating the revenue, because it couldn’t scale up this team without spending ...
India’s top unicorns saw revenue growth slow to 5.5% in FY24 from 32% in FY23, but losses narrowed sharply from Rs 22,886 ...
Gaurav Munjal and Roman Saini are set to step back from Unacademy's operations as the firm prepares a leadership shift and ...
Test preparation startup Unacademy said its losses narrowed to ₹1,678 crore in FY23 as compared to ₹1,678.15 crore for FY22, while revenue rose 26 per cent during the year to ₹907 crore from ...