Unacademy's Gaurav Munjal Eyes Merger for 'Win-Win' Situation

• Unacademy is actively exploring merger and acquisition opportunities to stabilize and strengthen its business.
• CEO Gaurav Munjal confirmed M&A discussions, seeking a "win-win situation" for potential consolidation.
• The edtech unicorn experienced rapid growth during the pandemic but faced a sharp drop in valuation due to strategic missteps and market shifts.
• Unacademy's valuation has fallen from a peak of $3.5 billion to under $500 million, prompting a focus on sustainable growth and profitability.
• The company has undergone a significant reset, cutting costs and reducing its annual cash burn from ₹1,400 crore to under ₹175 crore.

Why It Matters: Unacademy's merger talks signal major edtech industry consolidation and market shifts.