PerkyMochi
Unacademy’s Loss Falls 40% FY2023
17mo ago
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PrancingNugget
Stealth17mo
Someone got fired
PeppyCoconut
Appsmith17mo
So just about a 100mil topline, last round price from 2021/22 was 3.5 billion (yes, the one with a B). With no online moat and a fairly crowded offline market that they sought to disrupt or replace in the first place, why would someone pay a 35 times multiple on a loss making (3:1 spend to revenue ratio) business with next to no moat.
Sure if they turn around and become a profitable enterprise they will need to reach half a bil in revenues to grow into its price. All of this sans the glamour of "disruption" or change or impact.
What the above means for them? Grow at 50% each year (for four years) while improving economics. Next few years will show if they can earn money or make money.
JumpyLlama
BYJU'S17mo
@DFV Real valuation should be $200 Million max
PeppyCoconut
Appsmith17mo
I would say even lower, nothing more than 1x. Lot of sector risk, plus no moat. For context when Blackstone acquired 37.5% in Akash Education, it was approximately at a 4x revenue multiple. And that is a legacy, profitable business which has shown it can grow multifold in revenue over the years. Unacademy has no moat left, is loss making and been around long enough to make money now and not just earn it.
DerpyTaco
Zepto17mo
They've laid off some many people silently. Losses had to come down. Unacademy is in deep shit because of their struggling businesses
CosmicDumpling
Stealth17mo
They have a runway of 4 years. Can tweak stuff and be just fine
SnoozyPickle
Student17mo
All these edtek startups will burn to ground by the end of this decade
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Curated from across
Unacademy layoffs have begun 🤡
Unacademy has just laid off the entire team of NextLevel and will be shutting the business.
It is interesting to note that Relevel underwent a major pivot after failure and was rebranded to NextLevel. Gaurav apparently blindly wrote ...
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So Relevel is NextLevel. Ok I was today years old.
Lol same founder was giving gyaan in talk show with zerodha founder
Indian Startups26mo
by SillyPenguinGrowth Manager
Unacademy Layoff
Unacademy will be laying off 30% of its workforce this week. The list of people who will be laid off has been finalised and received signoff from Gaurav & Roman.
Sad State of Affairs.