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Unacademy News
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Unacademy Success Story: Roman Saini, a prodigy who cracked the AIIMS exam at 16 and the UPSC exam at 22, chose an unconventional path. After earning a coveted IAS position, he resigned to channel his energy into building a billion-dollar Edtech venture. Saini played a key role in transforming Unacademy into a company reportedly valued at ₹28,680 crore.
Co-founded by Roman Saini in 2015, Unacademy started as a YouTube channel created by Gaurav Munjal, Hemesh Singh, Sachin Gupta, and Saini himself. The founders set out with a mission to deliver high-quality educational content for competitive exams like UPSC, NEET, JEE, and GATE.
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Physics Wallah CEO Alakh Pandey Success Story: Alakh Pandey, founder of Physics Wallah, has become one of India's top young entrepreneurs, as recognised by the Hurun List of under-35 achievers. Based in Noida, Uttar Pradesh, Physics Wallah has grown into a major ed-tech company with 8 million YouTube subscribers. Unlike its competitors, like Byju's, Unacademy, and Vedantu, which are still losing money, Physics Wallah is different because it is making a profit. Alakh Pandey's journey from a small-town tutor to a billionaire EdTech leader highlights the power of passion, perseverance, and dedication to education.
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Despite a promising career in civil service, Dr. Roman Saini's entrepreneurial spirit led him to resign from his prestigious position in 2015.
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Despite his qualifications, he is currently working as an Uber driver. Recently, a passenger shared an inspiring story on X (formerly Twitter), highlighting the driver's commitment to self-improvement.
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This business venture was founded in Bangalore under the name "Unacademy."
It has been created as a useful platform and online course for students enrolled in UPSC Coaching.
In the beginning, Unacademy solely offered UPSC coaching. It is currently being used in medical, engineering, and academic fields.
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In November last year, Unacademy laid off 10 per cent of its workforce or nearly 350 employees, as funding winter deepens for the Indian startup ecosystem.
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An Aakash spokesperson said that they have had "absolutely no discussions with Unacademy or any other player to merge with Aakash Educational Services.
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Unacademy announced that it will be laying off 10 per cent of its 'extremely talented' workforce
Around 350 employees from across the verticals will lose their jobs
Employees to receive detailed communication from HR within 48 hours.
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No layoffs. We have moved some team members to other Businesses in the Group, Munjal tweeted.
At Unacademy, we are working towards profitability as a core objective, said Company's spokesperson.
Many reports were pouring in regarding the laid-off of employees in the company.
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Munjal says that the SoftBank-backed company has Rs 2,800 crore in the bank.
Management and founders had already accepted wage cuts and closed down operations that are not meeting expectations.
Munjal had cautioned employees in May to labour under 'constraints,' citing risks of a 'financial winter.'
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Tech and startup sector hammered by economic meltdown.
Difficult in raising new funds.
Employees being tripped and downsized by globally recognized companies .
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PrepLadder prepares students for medical examinations.
It provides access to education services and preparation material.
In April, Unacademy laid off nearly 600 employees.
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The fact is VCs firms need to right-size their own teams by 80%
The VC firms are advising startups to focus on sustainable growth
Startups are facing the heat as the funding winter is here
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Unacademy last week announced its foray into opening physical tuition centers
Edtech platforms are seeing a significant dip in demand for online learning
Edtech startup Lido Learning which is backed by top entrepreneur Ronnie Screwvala
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The CEO said in the email that the external macroeconomic environment currently is tough.
He cited situations such as the Russia-Ukraine war, recession fears, and Fed interest hikes.
Edtech startups such as Unacademy, Lido Learning, and WhiteHat Jr, among others.
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#MeriPehliAcademy campaign has been dedicated to all the mothers.
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The edtech industry is facing turbulent times.
Edtech companies are witnessing a significant dip in the demand for online learning.
Companies are either shutting shop or cutting down on their budgets.
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Check the list of startups that laid off employees in 2022:
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The retrenched employees include contractual workers and educators, one of the sources quoted in a PTI report said.
Unacademy spokesperson said that the company is built on a culture of high performance and transparency.
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Unacademy is offering 10% off using a Referral Code
Unacademy app can be downloaded from playstore
The steps to use Referral Code are listed here
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