Unacademy has been sold to rival UpGrad for $206 million, marking a staggering 94% drop from its peak valuation. Co-founder Gaurav Munjal candidly acknowledged the significant loss, stating, 'We raised at a peak, but sold at a fraction of that.' This acquisition highlights the shifting landscape in India's edtech sector, as companies navigate financial challenges and market competition.
βοΈ AI Verdict
"A significant sale in the edtech world, but not the end of the line."
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Gold and silver prices in India increased today, October 5. Discover the latest retail rates for 24K and 22K gold, along with 999 silver in Mumbai, Delhi, and other major cities. Stay updated on precious metal trends and market movements.
Air India is pushing for a swift resolution on compensation related to the 1985 Ahmedabad crash. This case could redefine compensation standards in air-crash incidents, emphasizing the need for awards to consider economic loss, future earnings, and inflation. Victims advocate for a fair approach that reflects true financial impacts, potentially influencing future air disaster compensations.
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BSNL employees are threatening a strike due to a pay scale freeze impacting their salaries. They demand the government relax affordability rules for salary revisions as BSNL's ongoing losses hinder progress. This situation highlights the tension between employee rights and corporate financial challenges.