After failed acquisition talks with Upgrad, Unacademy pivots back to online test prep

In an internal email to employees, cofounder and CEO Gaurav Munjal said Unacademy sharply reduced cash burn in its test prep business in calendar year 2024, cutting it to around Rs 200 crore from about Rs 450 crore earlier. “That didn’t happen by accident. It happened because we made hard calls, shut down what didn’t work, and doubled down on what did,” he wrote.