YourStory

Immediate tax, uncertain returns: Unravelling the Unacademy ESOP shock

Unacademy’s ESOP move asks former employees to exercise options now, triggering tax today for a chance, not a guarantee, of ...

Unacademy’s valuation may be less than $500 million, from $3.5 billion in 2021: Gaurav Munjal

After a notable decrease in valuation, Unacademy is recalibrating its strategy. Co-founder Gaurav Munjal is dedicated to enhancing product quality and driving profitable growth. The company's ...

Unacademy cuts Esop exercise window for former employees to 30 days

Earlier, departing employees had up to 10 years to exercise the stock options they earned during their tenure. However, the ...

Spent less than $50M to reach a valuation of $1.5B, but...: Unacademy’s Gaurav Munjal shares M&A plans on 10th anniversary

In a post on X, Munjal acknowledged that Unacademy’s valuation has fallen sharply from around $3.5 billion in 2021 to under $500 million in recent times.
Business Line

Unacademy-Allen’s tussle over teacher poaching will hurt unit economics: Career Launcher’s Nikhil Mahajan

As Unacademy and Allen battle out in the kota market over poaching of popular teachers, the executive director of Career Launcher’s parent CL Educate, Nikhil Mahajan, said this tussle will only end up ...
The Financial Express

Unacademy to sack another 350 employees as harsh economic conditions propel layoffs

Ed-tech firm Unacademy will cut 10% of its workforce due to “harsh economic conditions”, the company told its employees in a letter on Monday. This will be Unacademy’s second round of layoffs this ...