Sandeep Singh

Entrepreneur, Cofounder at Spayee Labs

[Gaurav Munjal @gauravmunjal]

Unacademy and upGrad have signed a term sheet for upGrad to acquire Unacademy in a 100% share swap deal.

Neither side will disclose the valuation until closing, when the papers are filed and the transaction becomes public.

In the last one year, a lot has happened at Unacademy:

- We consolidated company operated centres with franchise partners so we could refocus on what we do best, building great online education products
- We completed a ₹50 crore ESOP buyback and nearly 40% of former employees have already participated
- Airlearn, our first global product, is gaining meaningful traction in the US, UK, Germany and Canada
- Our Cash Reserves as of today are more than $100M

I will be staying back as Co-Founder and CEO Unacademy - with the Goal to build Great Online Products for Learners in India and Globally.

Unacademy helped invent the Modern EdTech Playbook. Along the way we lost some focus and market share, and the sector itself has not seen enough real product innovation in recent years.

AI will fundamentally reshape education, and EdTech may become one of its biggest beneficiaries. The opportunity to reimagine learning products has never been greater.

I have long admired what @RonnieScrewvala and the upGrad team have built. They have quietly but relentlessly established themselves in the upskilling, lifelong learning and higher education space.

If & when we do come together, we share upGrad’s belief that ‘The Whole is bigger than the Sum of Parts’ and altogether we will impact students, learners and working professionals & build great Products from K12 to Forever Learning.

The next chapter for education is only beginning.

[Gaurav Munjal @gauravmunjal]

Highlights from Unacademy Group’s Townhall today:

[Gaurav Munjal @gauravmunjal]

Airlearn turns ONE tomorrow 🎉🎉🎉

Here’s what we have achieved in the last 12 Months:

[Sumit Jain @sumjain]

How did Graphy Creators do in Jan 2024?

803 earned more than Rs. 10,000
289 earned more than Rs. 1L
99 earned more than Rs. 5L
57 earned more than Rs. 10L
24 earned more than Rs. 25L
13 earned more than Rs. 50L
5 earned more than Rs. 1 crore

[Sumit Jain @sumjain]

How did Graphy Creators do in July?

563 earned more than Rs. 10,000
218 earned more than Rs. 1L
76 earned more than Rs. 5L
45 earned more than Rs. 10L
19 earned more than Rs. 25L
12 earned more than Rs. 50L
2 earned more than Rs. 1 crore