niyati goyal:
Gaurav Munjal, the co-founder and chief executive officer of SoftBank-backed edtech unicorn Unacademy, on Tuesday said the start-up’s R&D team is working on a product that wants to disrupt LinkedIn. “What should we call it?” asked the Unacademy Group founder on Twitter, suggesting four names – ProjectX, nextlevel, Unprofile and Jobkey – for the new product. Munjal, in another tweet, responded to a Twitterati saying, “We want to make resumes irrelevant.” This comes days after Munjal, in a series of tweets, shared suggestions on how Twitter new boss Elon Musk can make the micro-blogging site “grow ten times” more. The suggestions included bringing back Vine, a video app like TikTok, as a separate app.
Unacademy had shed employees, cut costs, moved away from the K-12 business, and marked its entry into offline learning in FY 2022-2023. The edtech company has managed to cross the ₹700 crore mark in FY22. Unacademy’s operating revenue surged by 80.7% to ₹719 crore during the financial year ending March 2022 from ₹398 crore recorded in FY21, as per the company’s annual financial statements with the Registrar of Companies (RoC).