Unacademy CEO: No Plans for Sale, Focused on Long-Term Growth

Unacademy’s CEO, Gaurav Munjal, has firmly denied rumors of the edtech startup being up for sale. Amid speculation about a potential acquisition by Allen Career Institute, Munjal clarified that Unacademy is not pursuing any mergers or acquisitions. Instead, the company is focused on long-term growth and improving its financial health. Despite a challenging year, Unacademy has significantly reduced its losses and improved its unit economics. Munjal emphasized that the company has a strong runway with healthy cash reserves and no debt, positioning it well for future growth.