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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.
With the test-prep company struggling, Munjal wants Rs 200 crore each for co-founders to leave, exposing India’s broken founder-investor power dynamic.
Late last month, news came out that Gaurav Munjal and Roman Saini, co-founders of Unacademy, once India’s second-largest education technology platform with a valuation of nearly $3.5 billion, were stepping down from their day-to-day roles. The two are reportedly shifting their focus to Airlearn, the test-prep company’s AI-powered language learning app. The move was presented as a strategic shift, with board member Sumit Jain expected to assume leadership of the struggling edtech firm. Now it appears that Munjal wants much more than a graceful exit.
Three people in the know told The Morning Context that Munjal is negotiating a hefty …
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.
The Rs 900 crore capital fight with BharatPe over the small finance bank could leave Centrum’s investors holding the loss.
A lending business at heart, the Bengaluru-based company projects itself as a fintech ecosystem comprising UPI, insurance and mutual funds. It’s time investors took note.
