Tag: Unacademy
Why coaching capital Kota has failed its entrance test
At Chavi Medical, a pharmacy on an arterial road in Kota flanked by study centres, the boy at the counter echoed Ali’s sentiments, albeit through a different lens. “If there are no students, who will suffer from dengue, malaria, fever and cold? How will this medical shop run?” he asked, making it clear that as far as he is concerned, ill-health is wealth. Kota, which welcomed aspiring pupils from every corner of the country for years, is today a shadow of its former self. Gone are the lakhs of hunched students jostling with bags and umbrellas with the names of ... Read more
Unacademy to trim complimentary meals, salaries to focus on profitability
Unacademy founder Gaurav Munjal has informed his employees that the edtech company will resort to cost restructuring mode where a global business will be shut down, founders and management will take pay cuts and employees will have to let go of complimentary meals and snacks. The move comes even as Munjal admits the SoftBank-backed unicorn has ₹2,800 crore in the bank. “Even though we have more than ₹2,800 crore in the bank (as of this morning), we are not efficient at all. We spend crores on travel for employees and educators. Sometimes it’s needed, sometimes it’s not,” said Munjal in ... Read more