Unacademy

How it happened

Unacademy was one of India's largest online learning platforms, offering live classes and test prep, and rode the pandemic edtech boom to a $3.44B valuation in an August 2021 round backed by Temasek, SoftBank and Tiger Global. When classrooms reopened and demand for online test prep collapsed, growth reversed and repeated cost cuts followed; by December 2025 its founder valued it under $500M, agreeing to an all-stock upGrad takeover around $300-400M. Glassdoor reviews from the downturn describe the retrenchment: recurring layoffs and abrupt category shutdowns that unsettled job security, trimmed incentives, perks and appraisals, and sales staff straining to hit targets for a product that grew harder to sell once offline coaching returned.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.