/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
It’s the third senior exit at the edtech startup in the past couple of months, and also follows the resignation of CFO Ajay Goel at rival Byju’s this month.
The chief financial officer of edtech startup Unacademy is on his way out. According to a person aware of the ongoing development, Subramanian Ramachandran has put in his papers and is currently serving his notice period.
Ramachandran has been with the company since 2019. Before Unacademy, Ramachandran served as CFO of Medi Assist Healthcare Services and previously as CFO of Nova Specialty Surgery.
This is the third big exit from Unacademy in a little over two months. In August, Vivek Sinha, the chief operating officer of the SoftBank-backed startup, had left. In September, the startup saw the departure of Abhyudaya …
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.
Co-founders Alakh Pandey and Prateek Maheshwari made Physics Wallah the company it is today by keeping their focus on the digital media, test-prep business. With fresh funds at its disposal after the IPO, it is making the mistake of believing it is an education company.
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.
