Unacademy CEO Clarifies: “We’re Not Selling or Merging!”
Unacademy’s CEO, Gaurav Munjal, has responded to recent rumors about a potential acquisition by Allen Institute. In a series of posts on X (formerly Twitter), he firmly denied the claims, stating that Unacademy is not considering any sale or merger. The statement came just days after reports suggested that the two edtech giants were in talks for a possible deal.
Munjal emphasized that Unacademy is committed to long-term growth and outlined key developments that showcase the company’s strength. Here’s everything you need to know about what’s really happening with Unacademy.
Unacademy is Not Selling or Merging, CEO Insists
The rumors started circulating after reports claimed that Unacademy and Allen Institute were in discussions for an acquisition. However, Gaurav Munjal wasted no time addressing the speculation.
In a direct message to his followers, he stated:
He further clarified that this year would be Unacademy’s best year for growth in both the offline business and overall unit economics. He expressed confidence in the company’s future, noting that Unacademy has ample resources to fuel its expansion.
Unacademy’s Financial Health: Strong Cash Reserves and No Debt
To back up his claims, Munjal highlighted Unacademy’s strong financial position. The company currently holds $170 million in cash reserves, and importantly, it has no debt. This gives Unacademy a solid runway for the next several years, allowing it to focus on its core business strategies and long-term goals.
Munjal pointed out that Unacademy’s offline business, particularly Unacademy Centres, is seeing impressive growth. The company reported a 30% increase in business, which is a clear sign that its offline strategy is working. This growth comes alongside significant improvements in unit economics, which is a crucial factor for any business aiming for sustainable success.
Navigating the Online Test Prep Challenges
Despite the growth in offline business, Unacademy’s online test preparation segment has faced some challenges. Munjal acknowledged that the online test prep space has experienced some degrowth, but he stressed that Unacademy has worked hard to improve efficiency and streamline operations in the segment.
In his post, he shared that the company had reduced its cash burn by 50%, a sign of its efforts to become more efficient and financially disciplined.
Key Vertical Growth: Graphy and Airlearn’s Success Stories
One of the highlights of Unacademy’s recent performance is its verticals. Munjal shared that Graphy, a platform that helps creators and educators build their own courses, has seen impressive growth. Graphy achieved a 40% profitable growth, proving that Unacademy’s diversification into various segments is paying off.
Another notable success story is Airlearn, a newer venture from Unacademy. Airlearn, which focuses on helping learners in the U.S., has reached an impressive annual recurring revenue (ARR) of nearly $400,000 in just a few months. This rapid success underscores Unacademy’s ability to scale quickly in international markets.
The Bigger Picture: A Focus on Long-Term Growth
Munjal made it clear that Unacademy’s goal is to focus on sustainable, long-term growth. He shared that the company is not rushing into any quick deals or acquisitions, and instead, is investing in its core business and expanding its reach.
Unacademy’s growth strategy involves focusing on both offline and online education, with a special emphasis on improving unit economics and enhancing operational efficiency. The company has already shown significant improvements, and Munjal believes it is only going to get better from here.
Why the Rumors Were Wrong
So, what’s behind the recent rumors? According to Munjal, the speculation around a potential acquisition by Allen Institute was just that—speculation. He made it clear that these talks were never serious, and that Unacademy is not actively looking to sell or merge with any other company.
The CEO’s statement serves as a reassurance to Unacademy’s investors, employees, and users. It’s clear that Unacademy is in a strong position and is focused on growing its business in a sustainable way.
What’s Next for Unacademy?
Looking ahead, Unacademy is in a strong position to continue its growth trajectory. With solid cash reserves, no debt, and a proven track record in both offline and online learning, the company is well-equipped to handle any challenges that come its way.
Munjal’s focus on unit economics, efficiency, and diversification through successful verticals like Graphy and Airlearn shows that Unacademy is not just relying on one area of growth. Instead, it is building a well-rounded, resilient business that can thrive in multiple segments of the edtech ecosystem.
Conclusion: Unacademy is Here to Stay and Grow
Despite the rumors, Unacademy’s CEO has made it clear that the company is not looking to sell or merge. With strong financial health, rapid growth in its offline business, and successful verticals, Unacademy is well-positioned to continue its upward trajectory. The company is focused on long-term growth, and with no plans to exit or be acquired, it’s clear that Unacademy has many exciting years ahead.
For now, the message from the CEO is loud and clear: Unacademy is not going anywhere—it’s here to grow and continue shaping the future of education.
By addressing the rumors head-on and highlighting the company’s positive developments, Gaurav Munjal has reassured Unacademy’s stakeholders that the edtech startup is firmly focused on building a sustainable, profitable future.
With a strong cash position, efficient operations, and growing verticals, Unacademy is well on its way to becoming a long-term leader in the edtech space. The best may yet to come.
This article presents the latest on Unacademy’s position in the edtech industry and clears up any misunderstandings surrounding its future direction. Stay tuned for more updates as the company continues to evolve and grow.
