English
Specials
    Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    Sansaar
    HomeNewsSoftbank backed unacademy

    Softbank Backed Unacademy

    Jump to
    • Unacademy founders, senior leadership to take pay cuts in FY24 in latest cost-cutting initiative

      Unacademy founders, senior leadership to take pay cuts in FY24 in latest cost-cutting initiative

      The latest of the cost-cutting initiatives comes just a day after the SoftBank-backed edtech unicorn, currently India's second-most valued edtech startup, laid off close to 380 employees or about 12 percent of its staff to cut costs with an aim to acheive profitability, at least at the core level.

    • Unacademy to not do cash appraisals in 2023, will instead compensate with stock options

      Unacademy to not do cash appraisals in 2023, will instead compensate with stock options

      Unacademy's move comes at a time when the SoftBank-backed firm has aggressively been cutting down costs, in a bid to focus on profitability with growth in its core business slowing amid a slowdown in funding.

    • Few takers, teacher exits force Unacademy to defer offline NEET PG institute launch

      Few takers, teacher exits force Unacademy to defer offline NEET PG institute launch

      Prepladder Neuros launch delayed till March as about 14 teachers have resigned over the last four months

    • Unacademy-owned PrepLadder faces legal action from group of teachers over nonpayment of dues

      Unacademy-owned PrepLadder faces legal action from group of teachers over nonpayment of dues

      At least six doctor-teachers have decided to file a legal complaint against Unacademy's PrepLadder over nonpayment of dues after the company backed out of conciliation in an ongoing case filed by one doctor-teacher in December

    • Why educators are on a warpath with Unacademy-owned PrepLadder

      Why educators are on a warpath with Unacademy-owned PrepLadder

      At least six of the 19 PrepLadder educators are refusing to renew their contracts after their remuneration was cut 30-75%. Five more allege that PrepLadder misled them while renewing contracts. Unacademy was caught in a similar controversy with one of its other portals, Relevel, in September

    • Unacademy’s losses nearly double to Rs 2,848 crore in FY22 on higher ESOP costs

      Unacademy’s losses nearly double to Rs 2,848 crore in FY22 on higher ESOP costs

      Unacademy, however, reported an over 80 percent rise in operating revenue to Rs 719 crore from Rs 398 crore a year earlier. Its total income surged to Rs 845 crore in FY22 from Rs 464 crore a year earlier, thanks to a 2X rise in its other income to Rs 125 crore

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347