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Unacademy slashes core biz cash burn to Rs 200 Cr in 2025: Gaurav Munjal

EntrackrEntrackr · 10m ago
Unacademy slashes core biz cash burn to Rs 200 Cr in 2025: Gaurav Munjal
Medial

Unacademy slashes core biz cash burn to Rs 200 Cr in 2025: Gaurav Munjal Unacademy CEO Gaurav Munjal has shared an update on the company’s financial and operational performance. According to Munjal, Unacademy has reduced its cash burn in the core business from over Rs 1,000 crore annually three years ago to under Rs 200 crore this calendar year. This is about half of what the company spent last year. In a thread on social media platform X, Munjal said the company currently has Rs 1,200 crore in the bank and is in a “default alive” state. He added that some of Unacademy’s businesses, including Graphy and PrepLadder, are generating cash on a monthly basis. For context, the SoftBank-backed edtech unicorn cut its losses by 62% to Rs 631 crore in FY24, while its revenue remained flat during the period. Reflecting on past decisions, Munjal said edtech companies that grow through multiple acquisitions are unlikely to succeed in the current market. He said Unacademy had made this mistake earlier and is now focusing on profitability without getting distracted by external developments. On the offline front, Munjal said that around 70% of Unacademy’s centers are expected to be profitable at the center level this year. These centers are showing outcomes in exam categories such as JEE, NEET, and UPSC. He also pointed to Airlearn as the fastest-growing product within the group. Airlearn has recorded nearly 70,000 daily active users and $2 million in annual recurring revenue over the last 12 months. Munjal outlined three focus areas for the company: making the core business profitable, building tech products such as Airlearn and Graphy, and staying focused on internal goals instead of market noise.

Unacademy announces Rs 50 Cr ESOP buyback

EntrackrEntrackr · 17d ago
Unacademy announces Rs 50 Cr ESOP buyback
Medial

Edtech company Unacademy has initiated a Rs 50 crore ESOP buyback programme to offer liquidity to its employees, according to the company’s co-founder, Gaurav Munjal. Announcing the development on X, Munjal said that eight employees are expected to make over Rs 1 crore each through the buyback, while 17 employees will receive more than Rs 50 lakh, and 38 employees are likely to earn over Rs 10 lakh. “Grateful to the board for carving out a cash pool for the employees, even though the valuation is significantly lower than our last fundraise,” Munjal said, adding that the company will reach out to eligible employees over the next few weeks to participate in the programme. Munjal had recently clarified the company’s stance on ESOP exercise terms and valuation. Unacademy introduced a one-time 30-day window for former employees to exercise their vested stock options, while cautioning that the current valuation is lower than previous funding rounds and that preference shareholders have priority over equity holders. Unacademy is undergoing a strategic reset as the edtech sector faces headwinds after the post-pandemic boom. Recently, the company announced plans to shift from company-run offline learning centres to a franchise-based model to cut costs and improve unit economics. The company has also explored consolidation opportunities. However, recent talks between Unacademy and upGrad over a potential acquisition were called off after the two sides failed to agree on valuation terms.

Unacademy's Graphy buys Gaurav Munjal-backed creator community platform Scenes

Money ControlMoney Control · 2y ago
Unacademy's Graphy buys Gaurav Munjal-backed creator community platform Scenes
Medial

Graphy, a subsidiary of edtech platform Unacademy, has acquired Scenes, a creator community platform backed by Gaurav Munjal. Through this acquisition, Graphy aims to strengthen its offerings by providing a platform for creators to connect with their audience through short-form videos. The integration of Scenes' technology and community will further enhance Graphy's mission of democratizing learning and empowering creators in India. Scenes has raised about $50,000 in Seed round. Gaurav Munjal, co-founder and CEO is an investor in Scenes. Besides Munjal, Scenes counts Kunal Shah, Blume Ventures (also and investor in Unacademy), Better Capital, Tanmay Bhat and Flipkart's Kalyan Krishnamurthy as its backers.

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