UNCOVERED: Unacademy - The Untold Story

Unacademy founders plan AI fund; Flipkart’s premium push

Happy Monday! Unacademy’s founders are raising a fund focused on AI and deeptech. This and more in today’s ETtech Morning Dispatch.

The Economic Times · Oct 26

5 Legitimate Side Income Options for Salaried Indians That Won't Breach Your Contract

Read Your Contract Before You Read Anything ElseMost moonlighting clauses in Indian employment contracts prohibit working for a competitor or taking up full-time employment elsewhere. They do not prohibit passive income, investment returns, or freelance work in an unrelated field. The distinction matters enormously. Before you pursue any side income,…

Times Life · Sep 14

UpGrad completes Unacademy acquisition; Ultrahuman’s $60 million raise

UpGrad has completed its acquisition of Unacademy, marking the close of a major consolidation in India’s edtech sector. This and more in today’s ETtech Top 5.

The Economic Times · Sep 1

AI spooks IT valuations; Groww promoters cut stake

AI has pushed valuations of India’s top IT firms to 2008-09 levels. This and more in today’s ETtech Top 5.

The Economic Times · May 19

Unacademy’s test prep CEO Sumit Jain quits ahead of upGrad acquisition

Sumit Jain has stepped down from his role in Unacademy, ahead of a potential merger with upGrad Education. Jain, who joined Unacademy in 2020, will continue as an advisor. His departure follows the companies filing for merger approval with the Competition Commission of India.

The Economic Times · May 19

Unacademy, Chahal Academy, IQRA IAS: The 18 IAS coaching institutes under consumer watchdog’s glare

When India’s apex consumer watchdog decided to take suo motu cognisance of the UPSC coaching industry’s malpractices, it eventually had to fine four institutes and issue a notice to 14 others over a series of allegedly misleading advertisements.

Newslaundry · Oct 30, 2023

Data | Dispute over Unacademy tutor Karan Sangwan’s remark is much ado about nothing

Unacademy recently fired an instructor, Karan Sangwan, for a video in which he discussed voting for educated candidates. The Hindu’s data on the educational qualifications of Members of Parliament (MPs) in the current Lok Sabha reveals that 72% are graduates, less than 0.5% are illiterate or just literate, and 23.5%…

The Hindu · Aug 29, 2023

Sacked teacher of Unacademy says his remark misinterpreted, alleges firm acted under social media pressure

Unacademy sacked Karan Sangwan on Aug 19 due to pressure from trollers who misinterpreted his generic remark. He said Unacademy acted without hearing him out and cited views of another account as an example in the termination notice.

The Hindu · Aug 19, 2023

Unacademy sacks teacher who appealed students to vote for educated candidates

Unacademy co-founder Roman Saini said that Mr. Sangwan was in breach of contract and therefore the company had to part ways with him.

The Hindu · Aug 18, 2023

COVID-19 lull over, students throng coaching capital Kota

As online coaching wanes, ed-tech companies set up shop

The Hindu · Aug 27, 2022