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Funding may dry up for next 12-18 months: Unacademy CEO tells employees
Unacademy may see a funding dry spell for at least next 12-18 months and even last till 24 months and will cut costs to weather the lean period, said the chief executive of the education technology unicorn that recently laid off more than 600 employees.
“This is a test for all of us. We must learn to work under constraints and focus on profitability at all costs. We must survive the winter,” said Unacademy's co-founder and CEO Gaurav Munjal in a letter to the employees. Read more
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