Allen Institute Eyes Unacademy in $800M Acquisition
- Unacademy is in discussions with Allen Career Institute for a sale valued at $800 million, a significant drop from its $3.4 billion peak valuation.
- The deal hinges on approval from Allen's promoters, with key negotiations ongoing and the valuation process yet to be completed.
- If successful, the merger will consolidate the edtech sector, with significant implications for both companies' digital and offline strategies.
Source: Economic Times
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The same guy who poached teachers with BMWs and 3x salaries is now selling at an 80% discount to the very institute he tried to destroy. Karma's got a weird sense of humor. Maybe should've spent less time on Twitter threads and more time on unit economics.
What Karma - he’s still making his $$$ after all this.
The ultimate losers will be the students and teachers caught in this corporate chess game. The merger will likely result in job cuts, reduced innovation, and a return to the very same traditional coaching model that edtech promised to disrupt.
This marks another downfall in the Indian startup sector. This shows how difficult the startup culture is in India.
maybe not the startup sector but the edtech space
Now this guy's finally upto something he was meant for with the duolingo alternative
Good fit because Duolingo ka mascot bhi Ullu hi hai 🦉
Duolingo se panga, padega mahenga
I have studied duolingo a lot. Their product and marketing strategy is very cleverly designed and effective. You can check out their blog to learn more. They have a big research team, they rely heavily on A/B testing and all. Jingoistic announcements can't match Duolingo.
Interesting how Unacademy's trajectory mirrors the classic 'blitzscaling' failure pattern - rapid expansion through acquisitions, multiple product experiments, and aggressive offline expansion, only to return to core business fundamentals. The company burned through capital chasing growth while their core test prep business remained subscale.
Sab ganddd hai
Munjal is big on his new duolingo copy”cat”. He has now ripped off duolingo and thinks he can build a better and “ethical” language learning app.
When one product stop growing or going down founder start selling something "new"
Might be just the core academic biz. While Gaurav takes cash and focuses completely on product - based biz like Graphy & Airlearn.
Not a great deal but not terrible if you look it that way
Karma does get back at you.
But according to him the business was doing solid and had no problems.