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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
As the core test-prep business of India’s second-largest edtech firm slows, its CEO begins chasing new ideas for a turnaround.
Editor's note: When Unacademy transitioned from being a YouTube channel to a company in 2015, it looked like it was onto something big. The idea was simple: Bring together millions of students preparing for competitive exams across the country on one digital platform. It tasted success almost immediately. Gaurav Munjal, the co-founder and CEO who was still a few summers away from turning 30, had disrupted, even streamlined to an extent, one of the most fragmented industries in India. Fast forward to 2022, and that idea looks far from reaching fruition. Growth engines have lost steam. Sections of edtech are shrinking faster than they expanded, even as only a fraction of the potential market remains addressed. And, edtech firms are searching for a future in the past as they open offline centres to usher in the next phase of growth. Unacademy, after seven years of chopping, churning and building the business, and more than $800 million in VC investment, finds itself in a tricky position. Its 2021-22 earnings report has come as a stark reminder of the challenges it faces. On a …
As the core test-prep business of India’s second-largest edtech firm slows, its CEO begins chasing new ideas for a turnaround.
Editor's note: When Unacademy transitioned from being a YouTube channel to a company in 2015, it looked like it was onto something big. The idea was simple: Bring together millions of students preparing for competitive exams across the country on one digital platform. It tasted success almost immediately. Gaurav Munjal, the co-founder and CEO who was still a few summers away from turning 30, had disrupted, even streamlined to an extent, one of the most fragmented industries in India. Fast forward to 2022, and that idea looks far from reaching fruition. Growth engines have lost steam. Sections of edtech are shrinking faster than they expanded, even as only a fraction of the potential market remains addressed. And, edtech firms are searching for a future in the past as they open offline centres to usher in the next phase of growth. Unacademy, after seven years of chopping, churning and building the business, and more than $800 million in VC investment, finds itself in a tricky position. Its 2021-22 earnings report has come as a stark reminder of the challenges it faces. On a …
The Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
A churn in venture capital collides with the fear of missing the AI wave, while the Ajay Singh-led airline’s recurring crises raise deeper questions.
The Mideast tech giant is scaling back verticals in Saudi Arabia and possibly rethinking global operations.
The Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
A churn in venture capital collides with the fear of missing the AI wave, while the Ajay Singh-led airline’s recurring crises raise deeper questions.
The Mideast tech giant is scaling back verticals in Saudi Arabia and possibly rethinking global operations.
