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Unacademy Losses Down 40% in FY23, Revenue Grows 26%, Following Employee Layoffs; Check Details

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. ....

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Unacademy Layoffs: 'Time To Cut Costs As Funding Winter Can Last Up to 18 Months,' Says CEO Gaurav Munjal

As edtech platforms start bleeding in India, Unacademy, which recently laid off over 600 employees, has predicted a funding winter that can last as long as 18 months, saying it will cut costs wherever required to weather the dry spell and become profitable. Unacademy Layoffs: ‘Time To Cut Costs As Funding Winter Can Last Up to 18 Months,’ Says CEO Gaurav Munjal. ....

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