Edtech platform Unacademy hopes to launch an IPO in two years

After Byju's, upGrad and Vedantu, edtech platform Unacademy is also eyeing IPO (Initial Public Offering) in the next two years.

Published: 11th March 2022 05:44 PM  |   Last Updated: 11th March 2022 05:44 PM   |  A+A-

Unacademy. (Photo | unacademy.com)

By Express News Service

BENGALURU: Online learning has become the new normal post-pandemic, and many edtech platforms have announced their plans to go public in the recent months.

After Byju's, upGrad and Vedantu, edtech platform Unacademy is also eyeing IPO (Initial Public Offering) in the next two years.

Launching an experience centre- Unacademy Store- on Friday in Delhi, Gaurav Munjal, Co-Founder and CEO, Unacademy Group said apart from the store in Delhi, the start-up also aims to launch three more stores in Jaipur, Lucknow and Kota.

"We are on track to achieve profitability in our core business- test preparation platform- in the next one year," he said.

The Unacademy Store is launched with an aim to promote its online business. The edtech platform is also exploring the hybrid-retail model with this launch.

"Through these stores, we will be marketing our offerings to both parents and students. We want to develop a community of learners. We need a place where we can showcase our products to every corner of the country," Munjal said.

These stores will serve as an offline touchpoint for learners who want to browse through the various platform offerings, Unacademy said.

The platform is witnessing 60% Y-o-Y growth, and it wants to be a multi-product company. It has over 50 million active learners. Unacademy forays into the offline space at a time when Byju's is focused on its offline business with the launch of Tuition Centres. Byju's recently said it plans to increase its tuition centres to 500 in 200 cities by the end of this year.

In August last year, Unacademy raised $440 million in a round led by Tiger Global, Temasek and General Atlantic, and it was valued at $3.44 billion. Both Oyo and Zomato founders have invested in Unacademy.

India Matters


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp