Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter. The week was packed with important stories broken by our reporters. Heres a recap if you missed these stories.
Edtech unicorn Unacademy has changed the target for its cofounders Gaurav Munjal and Hemesh Singh to access additional voting rights through bonus shares issued to them in 2022. Industry sources said this move throws light on Unacademys changing ambitions as well as the broader sluggishness in the startup funding ecosystem.
Happy Friday! New-age brands are attracting capital from VC funds, founders and other types of investors. This and more in todays ETtech Morning Dispatch.
Writing on X (formerly Twitter), Unacademy CEO Gaurav Munjal said that building business in India was a long game and admitted that it took 15-20 years to build an iconic company.