Unacademy’s valuation may be less than $500 million, from $3.5 billion in 2021: Gaurav Munjal

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Unacademy’s valuation might have dropped sharply, falling below $500 million from $3.5 billion in 2021, cofounder Gaurav Munjal said on Wednesday.

“Three years ago, I used to care a lot about this, which probably led us to make some bad decisions — this chase of valuation. But today I care more about building great products, having great unit economics, and growing profitably,” Munjal said in a post on X.

This comes at a time when the company’s founders have been actively focussing on its language learning app, Airlearn.

“A few bad…



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Unacademy’s valuation may be less than $500 million, from $3.5 billion in 2021: Gaurav Munjal



Unacademy’s valuation might have dropped sharply, falling below $500 million from $3.5 billion in 2021, cofounder Gaurav Munjal said on Wednesday.

“Three years ago, I used to care a lot about this, which probably led us to make some bad decisions — this chase of valuation. But today I care more about building great products, having great unit economics, and growing profitably,” Munjal said in a post on X.

This comes at a time when the company’s founders have been actively focussing on its language learning app, Airlearn.

“A few bad…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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