Gaurav Munjal's Unacademy: A Rs 28,000 crore success story born from YouTube
Recently, ed-tech company Unacademy made several headlines for reportedly laying off 250 employees. This further fueled up rumours of the company heading towards a potential merger with a big online platform.
However, putting a rest to all speculations, co-founder and CEO Gaurav Munjal denied this rumour on X. He went on to say that Unacademy has had a great year in terms of growth and profitability.?
¡°There is a lot being said about Unacademy currently. To set the record straight, Unacademy will have its best year in terms of growth and profitability. We also have many years of runway. We are building Unacademy for the long run. Ignore the rumours,¡± the Unacademy CEO wrote on X.
Who is Gaurav Munjal and how did achieve success?
Munjal, originally from Mumbai, India, attended Jamnabai Narsee School for his early education and later pursued a computer engineering degree at NMIMS University. During his senior year of high school, he started coding and initiated his first YouTube channel. In 2010, he posted his first youtube video on graphics. Eventually, this channel focused on teaching Java programming and other technical subjects. Eventually, this platform evolved into Unacademy, gaining popularity among students nationwide.
Interestingly, Munjal is a serial investor and has invested in over 37 companies.
While building his Youtube channel, Munjal founded an app called Flatchat?
Gaurav Munjal harbored a long-standing ambition for entrepreneurship. Following his engineering studies, he launched an app named Flatchat while also serving as a software developer at Directi.?
Throughout this period, he maintained his YouTube channel, Unacademy, where he continued to upload videos. Recognizing its potential, Munjal enlisted the help of his friend Roman Saini to further develop the channel with the goal of transforming it into an educational platform.
Finally in 2015, he and his 3 friends founded Unacademy
In 2015, Gaurav Munjal, along with Hemesh Singh, Roman Saini, and Sachin Gupta, co-founded Unacademy with the mission to provide high-quality educational content tailored for various competitive exams such as UPSC, NEET, JEE, and GATE.
The platform quickly gained traction, attracting numerous educators within just a few months. Under Gaurav Munjal's leadership as CEO, Unacademy emerged as a leading educational technology platform in India. By 2022, Munjal's earnings reached Rs 1.58 crore, reflecting his pivotal role in the company's growth.
Reports indicate that Unacademy has achieved a remarkable valuation of $3.44 billion (approximately Rs 28,710 crore), underscoring its significant impact and success in the ed-tech sector. In 2022, Munjal's salary was Rs 1.58 crore as the CEO of Unacademy.
About Unacademy
Unacademy is an Indian educational technology company (ed-tech) that offers online courses and lessons across various competitive exams and subjects. It was founded in 2015 by Gaurav Munjal, Hemesh Singh, Roman Saini, and Sachin Gupta. The platform provides a wide range of educational content, including live classes, recorded lectures, and test series, aimed at preparing students for exams such as UPSC, NEET, JEE, GATE, and others. Unacademy has gained popularity for its interactive learning approach and accessibility, allowing learners to access quality education from anywhere with an internet connection.? ??
