With some help from an intermediary, Skywalker Investment Advisors, which is backed by the owners of Rubamin, a business that is into metals and recycling of waste, subscribed to the fund. It would go on to become Tiger Global’s largest-ever fund, raising $12.7 billion. “We got an introduction through an investment banking relationship, as otherwise, … Read more
“There is a lot being said about Unacademy currently,” Mr Munjal wrote in a post on X. New Delhi: After reported layoffs of around 250 employees in the latest job cuts, edtech firm Unacademy Co-founder and CEO Gaurav Munjal on Wednesday denied the reports of a possible merger or an outright acquisition, saying “ignore the … Read more
Gaurav Munjal’s comment has caught everyone’s attention on social media. Edtech startup Unacademy recently laid off around 250 employees in the latest round of job cuts at the company, as per a report in TechCrunch. A person familiar with the matter said that the Bengaluru-based firm, which was valued at $3.4 billion in its most … Read more
Unacademy founder and chief executive officer (CEO) Gaurav Munjal has clarified that the edtech major will record its best year of growth and profitability in 2024, and urged people to ‘ignore rumours’. Munjal added that Unacademy has several years of runway and that they are building it for the long run. The clarification comes one … Read more
Edtech company Unacademy has laid off about 250 employees across departments, including 150 in sales, amid reports of a potential merger with another edtech firm, people with direct knowledge of the matter said. The company said about 100 employees were laid off as part of a recent restructuring exercise, while the rest were performance-based layoffs … Read more
Unacademy Chief Executive Officer Gaurav Munjal on Friday shared his take on the downfall of ed-tech firm Byju’s and its founder Byju Raveendran, highlighting the importance of ‘blunt feedback’ in running a business. In a post on X, formerly Twitter, Munjal said the troubled ed-tech startup’s founder stopped listening and failed to have people who could … Read more