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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
Apr 16
Have you also seen “BluSmart, “Gensol,” and “Anmol Singh Jaggi” flashing on your screens multiple times in the last few days.

Well, we did too, so we decided to break down what is actually happening. 🧵 👇 Image
1/ Anmol Singh Jaggi is the founder of the cab service — BluSmart. He also founded Gensol Engineering — a public company focused on solar energy and EV leasing.
2/ Gensol, being an EV leasing company, took loans from government-backed lenders, IREDA and PFC of ₹978 crore. The loans were obviously to buy EVs. To be specific, 6400 EVs.

But guess what?
They only bought 4,704 EVs, leaving around ₹262 crore unaccounted for.
Read 12 tweets
Finshots Profile picture
Apr 14
The economics of reviving extinct animals 🧵👇 Image
1/ How would you feel if something that died over 12,000 years ago suddenly came back to life?

Well, it sort of has. And no one in history has pulled this off before.

Here’s the wild story of how scientists almost brought back the dire wolf.
2/ An American biotech company, Colossal Biosciences, has nearly revived the dire wolf — one of the most successful Ice Age predators that vanished after losing its prey, likely due to human hunting.
Read 20 tweets
Finshots Profile picture
Apr 11
A simple explainer on tariffs and the new world order! 🧵👇 Image
1/ If we got a rupee for every time we heard “tariff” this month, we’d be sitting on a small fortune.

Because Donald Trump has made tariffs the centrepiece of his economic strategy. Again.

But tariffs aren’t new. In fact, they’re one of the oldest economic tools in the book.
2/In the early days, the US didn’t rely on income tax. It ran on tariffs.

Foreign goods were taxed at the port, and that money funded the government.

Tariffs also protected new American industries from cheap imports.
And it worked — manufacturing thrived under that umbrella.
Read 20 tweets
Finshots Profile picture
Mar 27
India buys over 30% of the world’s scrapped tyres! But why? 🧵👇 Image
1/ India is one of the world’s largest tyre manufacturers, producing 20 crore tyres annually.

And we don’t just cater to domestic demand. Our tyre exports are booming too—₹12,000+ crore worth in just H1 FY25.

But here’s the irony–
2/ While we export fresh tyres, many Western nations are sending us something in return–

Their used-up, end-of-life tyres (ELTs).

India imports 30% of the world’s scrapped tyres. And in 2023 alone, we received 800,000 tonnes of them!
Read 14 tweets
Finshots Profile picture
Mar 12
IndusInd Bank lost nearly ₹20,000 crore in a single day! What went wrong? Let’s break it down 🧵👇

1/ Earlier this week, IndusInd Bank admitted to an accounting issue related to its derivative transactions. Image
2/ Because of this, the bank had to adjust its valuation down by ₹1,500–2,000 crore.
3/ The market didn’t take this lightly—IndusInd’s stock crashed nearly 25% in a day, wiping out ₹20,000 crore in market cap. But why did this happen? What was the mistake?
Read 13 tweets
Finshots Profile picture
Mar 11
UPI Transactions No Longer Free? 🧵👇

1/ UPI has undoubtedly reformed the digital payment landscape, especially by keeping transactions free for both merchants and users. Image
2/ But that could change as Fintechs have requested the government to reintroduce MDR (Merchant Discount Rate)—a fee merchants pay for real-time payment processing on UPI and RuPay Debit Cards.
3/ But, why now? Let’s take it from the top.

Before 2020, banks and fintechs charged merchants MDR on UPI. However, in 2020, the government scrapped these fees to boost digital adoption.

And for banks and fintechs this meant that they had to process transactions for free.
Read 11 tweets

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