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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
Mar 1
1/ Running an airline is tough. Costs are high, competition is cutthroat, and profits are rare. Just ask Jet Airways or Go First. Even Air India needed a Tata bailout.

But amid all this, one airline seems to be making a comeback—SpiceJet. Here’s how. 🧵👇 Image
2/ For years, SpiceJet was in trouble—debt-ridden, losing market share, and struggling to stay afloat. But in Q3FY25, it turned a profit of ₹26 crores. A huge shift from its ₹300 crore loss in the same quarter last year. So, what changed?
3/ Three key factors:
✅ Debt restructuring
✅ Fleet expansion
✅ Operational efficiency

Let’s break them down.
Read 11 tweets
Finshots Profile picture
Feb 7
1/
Is Volkswagen being forced to leave India by the government? 👀🚗

The govt is asking them to pay up $1.4 billion in taxes!

But why? Find out below 🧵👇 Image
2/
Indian tax authorities claim that Volkswagen owes them huge import duties.

It all comes down to how they import car parts. Let’s break it down.

Automakers like Volkswagen don’t build cars from scratch in India. Instead, they source parts from all over the world.

Think of it like assembling an IKEA table—you get multiple parts from different places and put them together.
3/ Here’s how it works:

🔹 VW’s software predicts demand for cars
🔹 It then orders 1,000 Skoda Kushaqs, for example
🔹 The system splits the order into 700–1,500 individual parts
🔹 Suppliers across the world (Germany, Mexico, Czech Rep.) ship these parts to India
Read 13 tweets
Finshots Profile picture
Feb 7
1/7
RBI cuts repo rate by 25 basis points to 6.25%, a first in 5 years!

What does this mean for you, your loans, and the economy?

Let’s break it down in simple terms🧵👇 Image
2/7
The RBI’s Monetary Policy Committee (MPC) just cut the repo rate by 25 basis points to 6.25%. This is the first rate cut in five years!

But what is repo rate? 🤔

It’s the interest rate at which the RBI lends money to banks. When this rate goes down, borrowing becomes cheaper, making loans more affordable.
3/ 7

Who decides this?

The Monetary Policy Committee (MPC)—a 6-member team at RBI that sets interest rates to manage inflation and growth.

Their job? Keep prices stable while ensuring economic growth.
Read 7 tweets
Finshots Profile picture
Aug 29, 2024
Reliance Industries 2024 AGM just ended!

The only thread you need to know EVERYTHING about RIL AGM 2024

1/n
🧵👇Image
Updates about Jio Telecom

-Jio now world's largest mobile data company with a 490-million users, on average consuming over 30 GB of data monthly
-Jio's network carries nearly 8% of global mobile traffic.
-​​Jio users to get up to 100 GB of free cloud storage, to store and access photos, videos, documents, all other digital content, and data

2/nImage
Advancements in Artificial Intelligence

- Jio is developing a comprehensive suite of tools across AI - called Jio Brain
- Groundwork for a national AI infrastructure, and gigawatt-scale AI-ready data centers in Jamnagar
- RIL's AI models and services will be hosted within India's borders, and comply fully with Indian data and privacy regulations
- Jio Phonecall AI that lets users record and store any call using AI and convert it from voice to text

3/nImage
Read 6 tweets
Finshots Profile picture
Jan 10, 2024
Boeing is in trouble, and a deal it struck around 25 years ago is to be blamed.

What?!! 👀👇🏽 Image
You see, Boeing started as an "engineers" company.

But then in 1997, the aircraft manufacturer merged with McDonnell Douglas and things started to change.

The new entity started focusing more on affordability, rather than quality.
The company wanted to create shareholder value now, and not build quality aircraft.

And this shift in company culture started jeopardizing the business too.

But a company can still recover from an impact on business.
Read 5 tweets
Finshots Profile picture
Dec 18, 2023
The RBI made ₹2.20 lakh crores profit in FY23!

How on earth did it achieve this? 🧵👇🏽 Image
Well, through something called ‘seigniorage’.

Think about it this way—

If the RBI prints a ₹100 note and gives it to a bank for circulation.
The bank has to ‘buy’ the note and transfer the full face value of ₹100 to the RBI’s coffers.

But the only cost the RBI incurred was probably ~₹2 to print the note.
Read 10 tweets

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