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
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
• • •
Missing some Tweet in this thread? You can try to
force a refresh
The only thread you need to know EVERYTHING about RIL AGM 2024
1/n
🧵👇
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/n
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
Nov 2022: Valued at $450 Mn, ZestMoney was all set to be acquired by PhonePe.
Dec 2023: ZestMoney shuts down!
What changed?
🧵👇🏼
2023 hasn’t been kind to ZestMoney–
The funding dried up;
PhonePe backed away from the acquisition;
And even the 3 founders resigned in May.
The reason?
Well, the business model itself.
See, if you made a purchase via ZestMoney, they’d take care of the bill at no cost– and you’d have to pay it back in installments over 3–6 months without interest.
🚨Retail inflation hit an alarming 15-month high of 7.44% in July 2023!
To give you some perspective, the RBI is expected to keep inflation between 4-6%. Now this could be a challenge for us. So, what should you do to protect your finances?🤔
Here are 3 things to know 🧵👇🏽
✅TRACK YOUR SPENDING
Bucket all your expenses into broad categories— rent, electricity, phone bills, personal care, groceries, childcare, fuel, subscriptions, transportation, house maintenance etc.
Once you have it all listed out, go over each category and see where you can comfortably trim down excessive expenses like frequently eating out or under utilized subscriptions.
See, the story starts in 1986 when after being forced out of Apple, Steve Jobs acquired Pixar from filmmaker George Lucas for a mere $5 million. And further invested another $5 million in the company.
At that time, Pixar was just a fledgling computer graphics division of Lucasfilm. However, Jobs saw the potential in the technology and the creative minds behind it!
But, the road to success was far from smooth for Pixar.