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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.
In the making for many months now, the final outcome at the edtech startup is an instructive episode for both founders and venture investors on when they must let go.
Gaurav Munjal, co-founder of Unacademy, is exiting the company. Unacademy was once a high-flying education technology startup, but is today an also-ran test-preparation company. Two sources I spoke with confirmed that Munjal has reached a settlement with Unacademy’s investors and the responsibility of steering the company to any kind of modest outcome has now passed to Sumit Jain. Unacademy promoted Jain to the position of CEO of the business last week.
This outcome is not surprising. Loyal readers of The Morning Context would know that Munjal has been discussing his exit from Unacademy for many months now, a period that …
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.
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.
Venture capital funding is showing signs of a slowdown; the US opens access to advanced technologies for the UAE; and other updates.
