Unacademy’s $3.5 Billion Dream Collapses Baring India’s EdTech Profit Crisis
Unacademy's founder, Gaurav Munjal, made an admission this week after his once-celebrated edtech unicorn, valued at $3.5 billion just three years ago during the pandemic boom, now trades for less than $500 million. That represents an 85 percent valuation collapse, making it a cautionary tale for founders, investors, and anyone betting that software can disrupt education profitably. The admission came via a post on X, in which Munjal acknowledged what industry insiders have whispered for months as India's edtech business model is fundamentally broken. And Unacademy, despite aggressively cutting losses,...
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