The Peak XV Partners-backed edtech platform reduced its loss to Rs 1,678 cr in FY23 from Rs 2,847 crore in the previous fiscal year. Unacademy's operating revenue grew to Rs 907 crore in FY23 from Rs 719 crore in FY22, reports Entrackr. The edtech company cut its advertising cost by 32.6 per cent during FY23. Unacademy Losses Down 40% in FY23, Revenue Grows 26%, Following Employee Layoffs; Check Details.
CP Gurnani s addition as an independent non-executive director increased the Mumbai-based startups board to seven members, cofounder Ronnie Screwvala told ET.
Gurnani will serve as an independent non-executive director while the skilling giant continues to ramp up its domestic and global operations. He told IANS that upGrad with its robust revenue growth is in a unique position and should be present in more countries to skill more people. Indian IT Industry Veteran CP Gurnani Joins upGrad’s Board of Directors, Aims for Global Edtech Expansion.
Artificial Intelligence: The first big prediction for the next year is the growth in the space sector. The government has opened the space sector for private participation, ensuring exponential growth in space-tech, in the areas of rockets and satellites. This will essentially form the very basis for India for 6G, which is not just terrestrial communication, but hybrid satellite plus terrestrial communication.