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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.
The Unacademy co-founder talks about shutting the K-12 tuition unit, changing market dynamics, the company’s evolution and business plans.
Gaurav Munjal and I reach Maruthi Infotech Centre almost simultaneously. The commercial building in Domlur, Bengaluru, houses the offices of Unacademy, India’s second-largest edtech startup, with a valuation of around $3.5 billion. I am just about to enter the building when I receive a call, turn around to take it and see Munjal getting out of his black SUV.
A man rushes past me to take his bag and then runs back to call the elevator. We head to the fifth floor through good morning greetings, an empty corridor in an almost empty office to the meeting room.
Munjal is …
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.
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.
For one of the world’s largest and shrewdest investors to entirely skip putting money in the country is a sign of how quickly the nature of the Indian startup ecosystem has changed.
