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State of the Unicorns
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Gaurav Munjal loses his faith

Believing education is the key to success, Unacademy raised $880 million and reached a $3.4 billion valuation, only to crash 90%. Its co-founder and CEO gets candid about the state of the startup and Indian edtech.

Internet
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Dubai’s NEOPAY buys into noon payments

A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.

Business
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How Mideast sovereign funds are deploying capital in 2026

2026 is on track to be the second-highest year ever for dealmaking in the MENA region.

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Business
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Ultraviolette and the quixotic allure of building an EV
The startup isn’t sure where its future lies—in electric motorcycles or the more recently announced electric scooter? Unsurprisingly, none of the products have amounted to anything so far.
Internet
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Alakh Pandey’s uphill task to dominate the south
Physics Wallah’s desperate pursuit of growth has led to another bold announcement. The latest move centres around one of India’s most competitive test-prep pockets.
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Dubai’s NEOPAY buys into noon payments
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.

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Internet
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VCs put $86 million into FirstClub. But is it venture fundable?
In less than two years, the instant delivery startup that puts quality above all else has attracted marquee VC investors, earning a valuation of $255 million. How far the niche bet will take it is anybody’s guess.

Middle East

Business
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Saudi Arabia’s big push to clean up its markets
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
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Internet
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Dubai’s NEOPAY buys into noon payments
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.

Best of Chaos Coverage

Chaos
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RSS chief's North America visit did not go well. Its problems run deep
Influence cannot be manufactured through diaspora networks, carefully branded events or political donations. It requires honesty and credibility.

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Startups

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The Snapdeal problem now belongs to public investors
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.

Education Technology

State of the Unicorns
Story image
Gaurav Munjal loses his faith
Believing education is the key to success, Unacademy raised $880 million and reached a $3.4 billion valuation, only to crash 90%. Its co-founder and CEO gets candid about the state of the startup and Indian edtech.

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State of Unicorns

State of the Unicorns
Story image

Gaurav Munjal loses his faith

Believing education is the key to success, Unacademy raised $880 million and reached a $3.4 billion valuation, only to crash 90%. Its co-founder and CEO gets candid about the state of the startup and Indian edtech.

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