ZestyDonut
Unacademy is up for sale!
Check out this for more context: https://themorningcontext.com/internet/unacademy-is-up-for-sale-merger-or-bailout
13mo ago
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WigglyBanana
Stealth13mo
Summary:
- Unacademy is looking for a merger/acquisition, they've been forced to because they could not revive biz
- Investors had told them they will take more active control if performance does not improve
- Offline is slow and takes time. Online isn't working. New initiatives did not pay off.
- So ultimately they are looking for a stock based deal
- Prospects: K12 Techno, Allen, PhysicsWallah etc.
- Marks the demise of Edtech the way we have known it
WigglyBanana
Stealth13mo
@DixonButts
SwirlyWaffle
Stealth13mo
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