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Finshots Profile picture
@finshots
Sep 2, 2020 • 8 tweets • 2 min read • Read on X
Unacademy is now valued at $1.45 billion after it raised $150M from Softbank and other investors. So we thought we would look at the spectacular rise of Unacademy and its journey towards becoming India's second Ed-tech unicorn Image
Dec 2010- Gaurav Munjal, a computer science student, launches a YouTube channel named Unacademy.

2014- Roman Saini, Hemesh Singh, and Sachin Gupta join the channel as fellow educators.
Jan 2016- Unacademy is officially launched with Gaurav Munjal, Roman Saini, Hemesh Singh, and Sachin Gupta as co-founders.

May-Aug 2016- Unacademy raises $1.5M in two rounds of seed funding.
Jan 2017- The platform reaches 500K registered users.

Nexus VP and Blume Ventures invest $4.5M through series A funding.

Unacademy’s Learning App becomes the largest free learning platform in India
Oct 2018- Unacademy acquires Wifi Study- a youtube channel for preparations of Govt. exams like banking, SSC, railways, etc.

June 2019- Unacademy raises another $50M in Series D funding.
Feb 2020- Valuation crosses $500M. They raise $110M in Series E led by Facebook.

Mar 2020- They acquire Kreatyx, an online coaching platform for GATE and ESE

Also, announce 20,000 free live classes during COVID lockdown.
Jun 2020- More acquisitions-- CodeChef, a competitive programming website, gets acquired for an undisclosed amount.

July 2020- They also pay $50M to acquire Prepladder, an online medical coaching platform whilst also acquiring a majority stake in Mastree for $5M
Aug 2020- Unacademy becomes one of the Official Partners for IPL

Becomes a Unicorn with a valuation of $1.45 billion

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More from @finshots

Finshots Profile picture
Jun 24
Did Kingfisher Airline end the Good Times for Vijay Mallya? 👇🧵 Image
1/ The promise:

In 2005, India saw the launch of an airline like no other.

Plush leather seats, in- fight entertainment, gourmet food, flight attendants handpicked from beauty pageants - Kingfisher Airlines wasn't just a carrier. It was a lifestyle.
2/ And behind it all was Vijay Mallya, the flamboyant "King of Good Times."

His pitch was simple:
If you fly Kingfisher, you don't just reach your destination - you arrive in style.

At a time when budget airlines were scaling up, Mallya promised a five-star flying experience.
Read 14 tweets
Finshots Profile picture
Jun 23
The Real Reason Behind Jet Airways Bankruptcy! 👇🧵 Image
1/ The Promise:
In 1993, when Indian aviation was still a state-run monopoly, a travel agent named Naresh Goyal launched Jet Airways.

The pitch? A world-class, full-service airline that could compete with global giants.
2/ Jet offered hot meals, polished service, punctual flights - the kind of experience corporate India craved but never got from Indian Airlines.
Read 15 tweets
Finshots Profile picture
Jun 19
The CEO of this IT major resigned after facing pressure from the founder! 👇 Image
1/ In 2014, Infosys - the poster child of India's IT revolution - did something no one expected. It brought in an outsider. A man who wore crisp suits instead of kurtas, who spoke of Al and automation instead of billable hours. Vishal Sikka.
2/ He was everything Infosys wasn't. A Silicon Valley technocrat with a PhD in Al, who had just stepped down from SAP. He didn't come from the Infosys ranks.

He didn't come from India's IT service culture. But maybe that was the point. The board wanted disruption. And Sikka promised transformation.
Read 20 tweets
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Jun 18
India is not for beginners! After government bans bike taxis, people start booking themselves as parcels to book rides on Rapido👇🧵 Image
1/ That's not a joke, it's Bengaluru's latest jugaad.

Since passengers aren’t technically allowed, some riders are now labeling them as “parcels” and delivering humans across the city like courier packages.
2/ Sounds absurd? Well, it is. But it also tells you how desperate the situation has become.

Because this hack didn’t come out of nowhere. It’s the result of years of confusion between bike taxi startups and the government. Private bikes can’t be used for commercial rides. But demand was high. Services grew anyway.
Read 8 tweets
Finshots Profile picture
Jun 18
L&T threw out the founders of this IT major from their own company!👇 Image
1/ In 2019, engineering behemoth Larsen & Toubro (L&T) - a company known for building megastructures and submarines - decided it wanted a bigger play in tech. And not just any tech. It had its eyes on Mindtree, a nimble, homegrown IT firm started in 1999 by four friends with a shared dream.
2/ Mindtree wasn't just another IT company.

It was a culture-first firm - with no flashy hierarchy, a tight-knit founder group, and a reputation for doing things differently.
Read 14 tweets
Finshots Profile picture
Jun 17
This man was responsible for the biggest bank defaults- Jet Airways, IL&FS, DHFL! Here’s the full story👇 Image
1/ In the early 2000s, YES Bank was the underdog — a fresh, private sector bank launched by two ambitious men: Rana Kapoor and Ashok Kapur. While the big boys like HDFC and ICICI dominated the space, YES Bank promised agility, innovation, and aggressive lending.
2/ And at the heart of it all was Rana Kapoor — flamboyant, relentless, and unapologetically driven. He wore sharp suits, flaunted luxury art, hosted lavish parties, and called himself a “professional entrepreneur.”
Read 17 tweets

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