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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.
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 …
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.
Four years after Bodhi Tree’s investment, the test-prep giant remains caught between a slowing legacy business and growth bets that are still in their infancy.
