8 months ago
Gaurav Munjal to Lead Unacademy, Focus on Online Growth
Gaurav Munjal will continue leading Unacademy, an online education company.
Earlier talks to sell the company to upGrad and Allen Career Institute failed because they couldn't agree on the price.
Unacademy is now worth much less than before.
The company is focusing more on its online services, like AirLearn, which teaches languages.
Two other online services, Graphy and PrepLadder, are already making money.
Unacademy also runs some offline teaching centers, most of which are now profitable.
The company has been cutting costs and reducing losses.
It has enough money saved to keep running.
Unacademy started in 2015 and has received a lot of investment from big companies.
Gaurav Munjal to continue as Group CEO of Unacademy after failed acquisition talks with upGrad and Allen Career Institute.
Unacademy's valuation has dropped significantly, now estimated at less than $500 million.
Focus shifting to online businesses, with AirLearn as a key priority, showing strong growth with $2 million ARR and 70,000 DAUs.
Graphy and PrepLadder, two online verticals, are already profitable.
Offline centers are mostly profitable, with 26 company-owned and 35 franchise locations.
- Who
- Gaurav Munjal, Unacademy co-founder and Group CEO
- What
- Unacademy's leadership transition and focus on online businesses
- Where
- Bengaluru, India
- When
- Current developments as of the report
- Why
- Failed acquisition talks and strategic realignment
Key facts
- Current CEO
- Gaurav Munjal
- Company Valuation
- Less than $500 million
- AirLearn ARR
- $2 million (as of April 2024)
- AirLearn DAUs
- 70,000 (as of April 2024)
- Offline Centers
- 26 company-owned, 35 franchise
- FY25 Revenue
- Rs 826 crore
- FY25 Net Loss
- Rs 436 crore
- Cash Reserves
- Rs 1,070 crore
Quotes
Sources
People familiar with the matter
“With offline, the focus has been to achieve profitability. About 90% of existing centres are profitable at the centre-level”
financialexpress.com
“The immediate focus will be on bringing back the company’s focus on online businesses”
financialexpress.com
Gaurav Munjal
Co-founder and Group CEO of Unacademy
“the group was now likely valued at 'less than $500 million'”
financialexpress.com
Sources
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