Unacademy narrows losses by two-thirds, but sees revenue decline in FY24

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Unacademy narrows losses by two-thirds, but sees revenue decline in FY24 - YourStory

Quick Summary:

The drop in revenue comes as Unacademy focuses more on the offline front in a bid to boost income, while its revenue from the online test preparation segment—its core business—experiences a downturn.

Last month, it experienced another top-level exit, with Hardik Pandya, senior vice president of design and product, announcing his departure after a four-year tenure with the Bengaluru-based firm.

Edtech unicorn Unacademy narrowed its losses by nearly two-thirds, but what’s concerning is the decline in operating revenue in FY 2023-24 compared to the previous year.