Unacademy, once valued at $3.4B, now reportedly selling for just $800M.
Byju's, once a $22B giant, now worth nothing.
Was the entire ed-tech boom just hype?
Allen in talks to buy Unacademy for $800m.
$3.4B valuation to $800m. What a drop !!
0 replies2 likes
Yash Barnwal
Building JalSevaย โขย 6m
From EdTech giant to bankruptcy proceedings โ the rise and fall of BYJU'S. Once valued at $22 billion, the company now faces insolvency after a series of acquisitions, debt defaults, and investigations.
An india government investigation found out lapses in byju's corporate governance, but cleared byju's of any financial fraud!
Will this come as a relief to this company, which was once valued at $22Bn!!!!
4 replies8 likes
Harsh Dwivedi
ย โขย
Medialย โขย 4m
Unacademy was once valued at $3 Billion and above and has raised more $800 Million till date might get sold for $800 Million. If the deal goes through, Unacademy's founders are expected to exit the company.
I think Allen is buying just Unacademy and
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10 replies19 likes
Mridul Das
Introvert!ย โขย 1m
Noida based PW which is currently valued $2.8 billion ๐ต e is planning for a $500๐ต IPO for valuation of $5 billion๐ตwhich is world's biggest IPO for an Ed tech startup. They reported revenue of INR 1948cr๐ต ( 160% growth ๐ from 2023). ... Now th
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