🚀 Exciting News at Unacademy: First-Ever Cash Flow Positive Month! 🎉

📈 Unacademy is on a roll! The company has just reported a remarkable milestone — their first-ever cash flow positive month! 🎊 This means that they are now earning more than they are spending, and it’s an impressive feat for the renowned ed-tech giant.

💡 What’s even more remarkable is their incredible reduction in cash burn by a staggering 99% in 2021! 💰 From spending a whopping 200 crore rupees every month, they have now successfully brought it down to a mere 1.9 crore rupees. 📉 Hats off to the visionary leadership of their CEO, Goro Munjal, for spearheading this phenomenal turnaround!

👏 However, achieving this milestone did not come without making tough decisions. Unacademy had to take the bold step of laying off almost 60% of their staff since 2021, bringing their team size down from 6,000 to only 2,500 employees. 🤝 This restructuring has played a vital role in steering the ship towards profitability, and the entire team deserves praise for their resilience during this transformation.

📢 Not stopping there, Unacademy has also significantly slashed its marketing budget. 🎯 Last year, they allocated over 400 crores to marketing initiatives, and now they have smartly streamlined it to focus on what truly matters — their offline expansion efforts! 🌐 This strategic move promises to be the next big growth driver for the company and the Indian ed-tech industry as a whole.

🚀 With a clear vision, diligent execution, and an unwavering commitment to quality education, Unacademy is setting new standards in the world of ed-tech. As we applaud this remarkable achievement, let’s keep an eye on their exciting journey ahead! 🚀

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