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Unacademy CEO Gaurav Munjal announced that 70% of the company's offline centers are expected to be profitable by 2025, emphasizing a shift towards sustainable profitability rather than acquisition-driven growth. The company has significantly reduced its cash burn from ₹1,000 crore to a projected ₹200 crore, reflecting broader trends in India's edtech sector towards organic growth and hybrid learning models.
Unacademy CEO Gaurav Munjal has publicly defended Physics Wallah amidst growing speculation surrounding its upcoming IPO. His support highlights the significance of the edtech sector as it navigates the complexities of market entry and investor interest.
Unilever's CEO, Fernando Fernandez, anticipates that quick commerce will contribute 10-15% to Hindustan Unilever Ltd's revenue within three to four years, up from the current 2%. He highlighted the sector's rapid growth in India, driven by a unique demand-supply dynamic, and noted that quick commerce offers better margins compared to traditional marketplaces. Despite the overall positive outlook, HUL's beauty segment faces challenges amid intense competition from various players in the quick commerce space.
JioStar is laying off 1,100 employees as part of a restructuring following the Reliance-Disney India merger, impacting various departments and levels. The company is offering generous severance packages, but employees must serve a notice period of one to three months. Meanwhile, Licious faces growth challenges, and other startups like Swish and Innoviti are securing significant funding to bolster their operations.
Bengaluru-based food delivery startup Swish has secured $14 million in its Series A funding round, led by Accel, Hara Global, and Unacademy founder Gaurav Munjal. The funding, which closed on February 28, will support Swish's rapid delivery service, which promises food within 10 to 15 minutes through its app. Since its launch in August 2024, the company has expanded its operations across Bengaluru, utilizing cloud kitchens known as “Pods” in key areas like Indiranagar, Koramangala, and Whitefield.
Gaurav Munjal
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