Not doing any sale: Unacademy CEO Gaurav Munjal denies reports of takeover deal

Unacademy’s Co-founder and CEO Gaurav Munjal dismissed the claims of sale amid reports of a potential acquisition by Allen Career Institute at a reduced valuation asserting that the edtech startup is not pursuing any sale or merger.
“We have many years of runway. We are building Unacademy for the long run. We are not doing any sale or M&A. Ignore the rumours,” Munjal wrote on social media platform X, addressing speculations about a possible deal.
Reports earlier suggested that Allen Career Institute was in talks to acquire Unacademy for $800 million, significantly lower than its peak valuation of $3.4 billion.
Munjal highlighted the company’s operational improvements, particularly in its offline learning segment. “This year will be Unacademy’s best in terms of growth in the offline business and overall unit economics,” he said.
He noted that the Unacademy Centres business saw a 30% growth with improved unit economics, while the online test preparation segment experienced some decline but also reported better profitability metrics.
“Cash burn at the group level is further down by 50%. We have healthy cash reserves of $170 million, with no debt and a runway of over four years,” he added.
Despite a challenging year, Unacademy reported a revenue of Rs 988.4 crore in FY24, down 5.3% from Rs 1,044 crore in FY23. However, the company significantly reduced its net loss from Rs 1,678 crore to Rs 631 crore during the same period, reflecting efforts toward cost optimization and profitability.
Munjal also spotlighted other growth areas, including Graphy’s 40% profitable expansion and Airlearn’s success in the US, reaching nearly $400,000 in annual recurring revenue (ARR) within a few months of launch.