In April 2022, Unacademy founder Gaurav Munjal announced through his Twitter handle that the online learning platform – which is designed for competitive examinations – has more than 800,000 active subscribers.
Launched in 2019, Unacademy provides subscription-based educational products – including live online classes through accomplished educators, courses, test series, and doubt clearing sessions.
In a Twitter post from April 28, Mr. Munjal announced that Unacademy crossed the 800,000 mark of paid subscribers. Below is the tweet by the Unacademy founder:
On 30th January, 2019 Unacademy launched its Subscription Products.
Unacademy crossed 800,000 Active Paid Subscriptions today 🔥❤️🙏
— Gaurav Munjal (@gauravmunjal) April 28, 2022
When was Unacademy Started, Exactly?
Unacademy is an Edtech company that was initially started in 2015 as a YouTube channel. Apart from Gaurav Munjal, Dheeraj Meena was behind the channel.
In the same year (2015), Gaurav and Dheeraj Unacademy registered Unacademy as an education company in Bengaluru.
In 2020, Unacademy successfully raised $150 million from multiple investors – including Softbank. It puts Unacademy in the Unicorn club.
Unacademy – Founders, Net Profit/Loss, and Valuation
Belonging to the 21-st century’s evolving EdTech industry, Unacademy has three founders – Gaurav Munjal, Roman Saini, and Hemesh Singh.
Unacademy was initially started in 2015, and its parent organization is Sorting Hat Technologies Private Limited.
When it comes to revenue, Unacademy disclosed a revenue of $464.53 Million in FY21. In the same time, the company posted a net loss of $206.78 million.
In 2021, Unacademy was valued at $3.44 Billion.
What is Unacademy, Exactly?
In the simplest term, Unacademy can be described as an online education platform that provides a range of educational courses and programs in the form of live lectures and videos.
The major educational products by Unacademy include:
- Learner App
- Educator App
- Parent App
Unacademy Products – Business and Revenue Model
Unacademy offers both B2B and B2C products, but paid subscribers are the main source of the company’s income.
Unacademy has multiple plans for its subscribers. They include:
- Freemium type: As the name suggests, it is a free plan for Unacademy. It is a basic plan that comes with a range of services. However, for high-quality educational content, users have to shift to paid plans.
- Unacademy Plus: It is a paid educational plan by Unacademy that comes with more services and features than the basic plan. For example, the Unacademy Plus plan comes with live classes and 1-on-1 doubt clearing sessions.
- Relevel: Although Relevel isn’t an online learning plan by Unacademy, it is somehow related to the company’s core value of providing education.
Relevel is another online platform by Unacademy. Started in 2021, Relevel is for job seekers. Users of this platform can find relevant jobs within 15 days of their applications.
According to the Unacademy founder, Relevel has more than 2.35 lakh active users.
Apart from different education plans and platforms, Unacademy is still active on YouTube. Also, the company is on a mission to start Unacademy Stores, which will be offline learning centers.