Unacademy turns cash flow positive: CEO Gaurav Munjal says company has 4-year runway

SoftBank-backed Unacademy turned cash flow positive in the April-June quarter, co-founder and CEO Gaurav Munjal has told employees at the Bengaluru-based edtech startup, which earlier resorted to layoffs and other measures to bring down costs.

Moneycontrol has reviewed Munjal's message, which he shared on the company’s Slack channel. Munjal also confirmed the developments on X (formerly Twitter).

This comes after the company undertook several cost-cutting measures, from layoffs to reducing benefits for senior executives, as reported earlier. It also comes at a time when rival, Byju’s has been struggling to raise cash and keep operations afloat.

“(The) AMJ quarter was cash flow positive for us. We currently have Rs 1,800 crore in the bank and a runway of four years/next year this will increase to eight years because we will further reduce our burn,” Munjal’s message read. He added that the company’s cash burn was down by 60 percent, but did not provide specific numbers.