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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 layoffs would happen across several verticals, some of which would be either scaled down or closed.
Unacademy, India’s second-largest edtech firm with a valuation of $3.4 billion, has fired 350 employees, nearly 10% of its total workforce, in a second round of layoffs this year.
“I am deeply saddened to share that we will have to say goodbye to some of our extremely talented Unacademy employees. These would be across the Unacademy Group from verticals where we have to take a difficult decision either to scale down or shut,” the firm’s co-founder and CEO, Gaurav Munjal, said in an internal memo sent to employees on Monday.
“Around 10% of Unacademy employees across the group will be …
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.
The Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
