Soon after the Byju’s debacle, Unacademy is in distress. Once a high-flying edtech startup, it is searching for a respectable way out.
Unacademy is on the block. Bengaluru-based tech entrepreneur Gaurav Munjal’s edtech company, last valued at $3.4 billion, has approached multiple education companies for a possible merger or an outright acquisition, according to four people directly and indirectly aware of developments.
The list of those that Unacademy has approached includes coaching institute Allen, edtech firm Physics Wallah, education services company K12 Techno and “most other large education coaching companies”, according to two of the four people cited above. Last month, Entrackr was the first to report the merger talks between Unacademy and K12 Techno.
All four people confirmed that Unacademy is …
Harveen is a co-founder at The Morning Context, and leads our Internet coverage. She has previously worked as a media, consumer and tech reporter at The Ken and Mint. At The Morning Context, she writes on startups, venture capital, consumer and media businesses across India and the Middle East—from e-commerce to healthtech to streaming.
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Pradip is a co-founder at The Morning Context and leads our newsletters vertical. He has previously worked at The Ken as a staff writer, at Mint as an assistant features editor and the Deccan Chronicle as a copy editor. He works with a slew of expert newsletter writers across subjects and domains. His own writing spans the gig economy, farmers caught in the crossfire of technology, global warming and parents trapped in the edtech wave. Some of his best stories have come at the intersection of technology and human endeavour.
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