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Founded by Gaurav Munjal, Hemesh Singh and Roman Saini, Unacademy has emerged as one of India’s leading edtech platforms, offering live classes, recorded content, and tailored courses for aspirants across various competitive exams like UPSC, JEE, NEET, and more. Launched in 2015 and headquartered in Bengaluru, the company rapidly scaled up during the online learning boom. With a user base of millions, significant investor backing, and continuous innovation in content delivery and tech tools, Unacademy is reshaping the Indian education landscape.
| Founding Year | 2015 |
|---|---|
| Headquarters | Bengaluru, India |
| Valuation | $3.1 Billion |
| Total Funding | $880 Million+ |
| Users | ~50 Million+ |
| Employees | 839 |
| Revenue FY23 | ₹1857 Cr |
| Net Profit (PAT) | ₹–1537 Cr |
| EBITDA Margin | –45% |
| ROCE | 10% |
| Round | Date | Amount | Valuation | Investors |
|---|---|---|---|---|
| Series H | Aug 2021 | $440M | $3.1B | Temasek, General Atlantic, SoftBank Vision Fund |
| Series F | Nov 2020 | $86M | $1.97B | Tiger Global, Dragoneer |
| Series F | Sep 2020 | $153M | $1.36B | SoftBank, Facebook |
| Series E | Feb 2020 | $110M | – | General Atlantic, Facebook |
| Series D | Jun 2019 | $50M | – | Steadview, Nexus Ventures |
| Series C | Jul 2018 | $21M | – | Nexus, Blume Ventures |
| Series B | Apr 2018 | $0.57M | – | Nexus, Blume Ventures |
Unacademy’s revenue saw a steep growth from ₹396 Cr in FY21 to ₹1857 Cr in FY23, reflecting a strong user acquisition and monetization strategy. However, losses, while reducing in FY23 to ₹1537 Cr from a massive ₹2732 Cr in FY22, still remain substantial. The trajectory shows promise of improved financial discipline.
The company has improved expense per revenue from a peak of 180% in FY22 to 145% in FY23, indicating better cost optimization. Although EBITDA margin is still negative at –45%, it’s a significant recovery from previous lows, hinting at structural changes in operations.
Employee strength decreased from ~1438 in FY21 to 839 in FY23. This rationalization is aligned with Unacademy’s focus on profitability and lean operations. Strategic downsizing and automation have helped stabilize operations without major disruption in product delivery.
As of 2024, Unacademy laid off nearly 12% of its workforce to streamline operations. The company is reportedly re-aligning focus toward core revenue-generating verticals, such as UPSC and government exams, while slowing down broader expansions into K-12 and international markets.
| Metric | Details |
|---|---|
| Employees | 839 (↓ from 1438) – Indicates structural downsizing |
| Revenue | ₹1857 Cr (↑ 158%) – Rapid monetization growth |
| PAT | ₹–1537 Cr (↑ from ₹–2732 Cr) – Losses narrowed |
| EBITDA Margin | –45% (↑ from –70%) – Improved operational control |
| Strategic Investments | Focus on core education verticals |
| IPO Status | Planning stage, not filed yet |
| Expansion Focus | UPSC, Govt Exams, Lean Model |
| Latest News | Workforce rationalization & renewed strategic focus |
Unacademy has grown from a startup to one of India's largest edtech players. Its journey reflects aggressive scaling, followed by a phase of optimization and strategic recalibration. The road ahead involves balancing profitability with educational impact.
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