UNACADEMY GROUP
Exclusive: Unacademy founders Gaurav Munjal, Roman Saini plan Rs 700 crore AI, deeptech fund
The fund, named Longshot Capital, has secured commitments of about Rs 300 crore and is targeting its first close in January 2027, following which it plans to begin investing, the people said. Fundraising discussions are continuing, and the size and timing of the first close could change.
Edtech UpGrad’s net loss halves to Rs 131 crore in FY26, revenue rises 7.5%
Revenue from operations rose 7.5% to Rs 1,687 crore from Rs 1,569 crore a year earlier, according to the company's audited consolidated financial statements, filed with the Registrar of Companies (RoC). In FY25, UpGrad had reported a net loss of Rs 274 crore.
Practo appoints Jagnoor Singh as CEO; founder Shashank ND transitions to chairman role
Singh, who joined Practo as chief operating officer in January 2025, took over as CEO effective September 1. He will oversee the company’s strategy, growth and operations across global markets. Before Practo, Singh held senior roles at Bharti Airtel, Unacademy and Oyo.
Aakash hires another Claypond executive to strengthen leadership as growth stalls
The proposed change in leadership follows a turbulent three years in which Aakash has seen two chief executives exit, spent seven months without one, abandoned a plan to bring promoter Aakash Chaudhry back, changed finance chiefs, and repeatedly recast its growth strategy.
Crypto's shopping hack; Centre eyes Meta child safeguards
Indians are buying groceries, fuel, food and gold via gift cards on overseas crypto platforms. This and more in today's ETtech Top 5.
Iztri raises Rs 10 crore funding from All In Capital, Suashish Group, others
Iztri, an innovative on-demand fabric care startup, has successfully raised ten crore rupees to expand its operations. This capital will support the growth of their services, focusing on shoe repairs and dry cleaning. The company intends to strengthen its hub network and improve infrastructure while targeting a significant increase in its customer base over the next six months, with plans to expand into southern India and major metropolitan regions.
Unacademy elevates Jagnoor Singh as COO of offline centres business
Singh was Unacademy group’s chief business officer for a little over two years. The reorganisation comes in a series of top-deck changes at the Bengaluru-based startup that focuses on test preparation as a segment, largely offline now.
Unacademy elevates Sumit Jain to cofounder status
Jain joined Unacademy in April 2020 and cofounded the firm’s Graphy division which allows educators and creators to launch their own online courses.
Unacademy-run Relevel lays off 40 employees
In an internal memo, Gaurav Munjal, Unacademy's Co-Founder and CEO, said that almost 80 per cent of Relevel's remaining team will be absorbed by other businesses of Unacademy Group.
Next year will be worse for tech than 2022: Unacademy's Gaurav Munjal
Gaurav Munjal's edtech startup also sacked as many as 350 employees recently in a bid to reduce costs and turn a profit
Unacademy CMO Karan Shroff quits firm
Shroff took to Linkedin to announce his departure after a three-year stint at the edtech startup.
Unacademy's PrepLadder lays off 2.6% of its workforce
Unacademy had acquired Chandigarh-based PrepLadder, a leading post-graduate medical entrance exam preparation platform, for $50 million in 2020.
Unacademy acquires online learning platform Swiflearn
The acquisition is in line with Unacademy's plans to strengthen its position in the K-12 category and optimise its product offerings in the space, a statement said.
Unacademy shuts Mastree after a year of acquisition
Unacademy had invested $5 million in Mastree in July last year as it wanted to strengthen its presence in the K-12 learning space. Mastree was building a subscription product for STEAM (science, technology, engineering, arts and mathematics) courses for students in grades 5-8.
Unacademy in talks to invest in school chain Orchid
With this move, the edtech startup will enter the K-12 segment where Byju's dominates
Unacademy acquires live game streaming platform Rheo TV
The Bengaluru-based edtech startup will fully acquire Rheo TV, and enable the exit of all existing investors.
Unacademy acquires majority stake in TapChief
TapChief is Unacademy’s seventh acquisition in the past 12 months, and will enable the edtech startup to build Unacademy Pro.
Unacademy acquires test preparation startup Coursavy
This is Unacademy’s fourth acquisition this year, after Kreatryx, PrepLadder and more recently CodeChef.
Unacademy takes majority stake in Mastree for $5 million
The startup, founded by Shrey Goyal and Royal Jain, is building an online subscription service for STEAM courses for students in grades 5-8.
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