Unacademy - Valuation, Founder, and Future Plans

unacademy is an Educational technology company founded in 2015. It started as a YouTube channel by Gaurav Munjal and  Dheeraj Meena. Later it was registered as an education company in Bengaluru.

It is an online platform that simplifies both learning and teaching through educational videos and lectures. It started in 2010 with videos streaming on YouTube, but in 2015 it launched officially.

Since its foundation, Unacademy has experienced spectacular growth, it has more than 47,000 educators and more than 50 Million daily users since it has been founded. Unacdmey conducts more than 160,000 live classes each month. 

Subscription plans - Unacademy provides a range of subscription plans, including plan 1 for  12-month, 15-month, 24-month, and 30-month.

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Unacademy Valuation

Unacademy recorded Rs 988.4 crore in total revenue during FY24. This was a 5.33% decline compared to Rs 1,044 crore in FY23. Unacademy’s online business grew massively during the pandemic (FY21 and FY22). But after reopening of offline educational institutions (school/colleges) including coaching centers, online educations sector lost his movementum.

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Unacademy Products

Unacademy offers various types of products:

(i)Learner App, (ii)Educator App, and (iii) Parent App

Unacademy Founders 

Gaurav Munjal - Gaurav Munjal, the CEO of Unacademy, sold his first company FlatChat, to CommonFloor in 2014, He is now founded on growing Unacademy. Munjal completed his schooling at St. Xavier's Jaipur student, and Btech in Computer Engineering from NMIMS, Mumbai. After a short internship at Directi, Munjal started Unacademy, as a YouTube channel making easy, study-related videos for the students. Later, he joined Directi as a Software Developer and worked for a year before founding FlatChat. He was the  Founder and CEO of FlatChat until it was acquired by CommonFloor. After a few years, he decided to rebuild Unacademy from scratch.

Dr. Roman Saini - Roman Saini, a doctor from AIIMS, passed the Civil Service Exam (IAS) in 2013. He left his administrative job and is now the Co-founder and Chief Educator of Unacademy.

Hemesh Singh - Hemesh Singh is the Chief Technology Officer (CTO) and Co-founder of Unacademy. He previously served as the CTO of FlatChat.

Karan Shroff - Karan Shroff is currently a Partner and the Chief Marketing Officer at Unacademy.

On September 7, 2021, Karan Shroff was promoted to partner at Unacademy through the company's internal 'Partner' program. This program was decided to recognize the key leaders of the organisation. According to  CEO Gaurav Munjal, the Partner position is similar to being a co-founder of the company.

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Unacademy (Name, Tagline, and Logo)

The name Unacademy (meaning Not an- Academy) shows that this learning platform is different from traditional education methods, making it accessible to everyone. 

Vision- Unacademy’s vision is to create many courses in multiple languages for students worldwide. By growing Both its educators and students base, Unacademy aims to work with the brightest minds and empower India’s youth population, to thrive in today's world.   With 70% of its learners from Tier 3 cities, where access to top educators, thus, the startup focuses on increasing its number of teachers, and languages,  adding more languages, and covering a wider range of exams.

Unacademy  Challenges- Unacademy has faced many challenges as an ed-tech company in India. Its biggest challenge is the strong competition from the other successful edtech companies in India.

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Unacademy Competitors

The main competitors for Unacademy are:

• Toppr
• vedantu
• TutorVista
• Khan Academy
• Blueprint Firefly
• Byju's

Future Plans of Unacademy

Unacademy has big plans to grow and reach more people. Besides adding new classes and working with more schools and industry experts, the platform wants to improve its technology infrastructure.

Unacademy aims to expand internationally to reach people worldwide. It wants to create a more open and effective by using technology and innovative ideas.

The platform is focusing on adding more services for specific markets, such as skill-based learning and career growth. The owner of Unacademy, and the team’s goal is to continuously improve and provide value to students all over the world.

Conclusion - Unacademy

The Unacademy Success Story shows how it grew from a YouTube program to a leading ed-tech platform. It's an inspiring story that offers essential lessons for aspiring entrepreneurs.

The leaders have shown how the importance of having a clear vision, creating new ideas, and preserving through challenges. It explains how aspiring business owners can overcome obstacles and be successful in the challenging ed-tech field.