Unacademy
UpGrad agrees to acquire Unacademy for $218Mn, nearly 90% lower than its peak valuation: Report
India’s leading upskilling platform UpGrad has reportedly agreed to acquire test-prep startup Unacademy in an all-stock deal worth about ₹2,055 crore (~ $218 million). The deal values Unacademy…
LightFury Games secures $8.5Mn for ambitious AAA, console game development
India’s game development startup sector, which has largely been dominated by startups making interactive mobile games, will now see a new high-quality, console game maker joining in. LightFury…
Unacademy CFO Subramanian Ramachandran steps down
The edtech industry in India, once characterized by rapid growth and high demand during the pandemic, is currently facing a much more challenging landscape. The effects of the…
Unacademy slashes workforce by 12% in fresh layoffs
Online learning platform, which has been struggling off late on the business side of things, is reflecting that even more in its latest attempts to cut costs. The…
Indian edtech unicorn Unacademy lays off 10% of its employees, 2nd such instance within this year
With schools, colleges, and universities resuming offline classes and welcoming students back after two years, the edtech sector witnessed its pandemic-fuelled growth get curtailed for the greater half…
Unacademy to shut down global test prep arm, management to take paycuts
Edtech unicorn Unacademy will be winding up the books for its global test preparation arm for the United States Medical Licensing Exam (USMLE). Launched earlier this year, the…
Mass layoffs at $22Bn-valued Byju’s, pushes back payments for $1 Bn Aakash acquisition: Report
Byju Raveendran’s Byju’s, India’s highest valued startup and torchbearer of the Indian edtech space, has parted ways with over 2000 employees across a couple of its acquired entities…
Cars24 lets go of 600 employees citing “business as usual, performance linked exits”
Indian start-up land is facing layoffs from all directions. Online used car marketplace Cars24 let go of 600 employees on Thursday, adding to a list of high profile…
Mass layoffs at edtech unicorn Unacademy, months after raising a $440Mn round
In a situation that looks scaringly similar to the much storied Better.com saga, Indian edtech unicorn Unacademy has laid off nearly 600-800 employees in a bid to bring…
Unacademy owned ‘Graphy’ buys edtech startup Spayee, a platform that helps educators build online business, for $25Mn
Graphy, a company from the Unacademy group that aims to empower educational content creators to grow their audience, monetize their skills, and host live cohort-based courses, has acquired…
Unacademy raises $440Mn in Temasek-led round, valuation balloons to $3.44Bn
The Indian ed-tech boom, that gathered massive steam due to COVID-19 induced nationwide lockdowns, is showing no signs of slowing down. Following the footsteps set by the largest…
Unacademy acquires Live Game Streaming platform Rheo TV
On Monday, learning platform Unacademy acquired Rheo TV, a platform that helps professional game streamers livestream their gameplay and monetize their feeds. The platform has a user base…
Unacademy unveils Graphy Creator grant worth ₹100 Cr to help teachers set up online schools on its platform
With schools and colleges still closed in India (and a large part of the world), education in person has taken a back seat, paving way for better, more…
Unacademy acquires Handa Ka Funda, a digital learning platform for CAT and MBA preparation
As COVID 19 took the world by storm around this time last year, the landscape of education (as well as everything else) changed. Schools and universities shut down,…
Unacademy acquires networking platform TapChief, announces Unacademy Pro
The online learning industry has taken the world by storm, and India boasts some of the biggest e-learning startups in the market. Thus, the country is a battleground…
Unacademy adds Tiger Global and Dragoneer as investors in latest round
The edtech boom, largely propelled by ongoing COVID-19 pandemic, isn’t ending anytime soon. And we have yet another instance that validates that. Bangalore-based edtech upstart Unacademy has welcomed…
Unacademy acquires Coursavy, a UPSC-focused test preparation platform
Fresh from a $150Mn Softbank-led round, edtech platform Unacademy has announced acquisition of Couravy. Coursavy is an online learning platform, that is targeted specifically towards those preparing for…
Unacademy gets $150 million in a round led by Softbank’s Vision Fund 2 at a $1.5 billion valuation
Indian edtech startups have enjoyed the new opportunities brought by the COVID-19 lockdown, and have managed to attract attention from investors throughout the world. Bengaluru based education startup-Unacademy,…
Unacademy is acquiring PrepLadder for $50M as India’s edtech space sees exponential growth
Unacademy announced on Tuesday that it has acquired PrepLadder- an online learning platform for medical students. The acquisition is worth $50 million, and will see the Facebook backed…
Unacademy cracks $110 million in fresh round from Facebook, General Atlantic, Sequoia and others
India’s edtech space is continuing to roll in big monies. While there were investments in Byju’s and Vedantu earlier, its Unacademy this time, getting on an equal footing…
Unacademy raises $50 million from Steadview Capital, Sequoia India and others to finance its growth plans
Edtech startup Unacademy has raised $50 million in a Series D from Hong Kong based hedge fund Steadview Capital, along with Sequoia India, Nexus Venture Partners and Blume…
