The goal of tech parks in Mumbai and Delhi should be to convert people to go to Bangalore, said Unacademy founder Gaurav Munjal who studied in Mumbai before moving to Bengaluru.
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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.