As 2023 came to a close, Gaurav Munjal, co-founder and CEO of Unacademy—one of India's most heavily funded ventures—shared an update with his employees on Slack. He claimed Unacademy was cash flow-positive in the April-June quarter of 2023 and had successfully reduced its burn rate by 60% compared to the previous year.
Munjal also mentioned that the company held approximately Rs 1,800 crore in cash reserves, providing it with a financial runway of at least four years, which could lengthen as overheads continued to decrease.
The message sought to alleviate employees’ concerns about Unacademy’s future after a year marked by significant senior management exits and cost-cutting measures, including laying off thousands of employees. Despite being an internal communication, it received widespread media coverage.
"It was all about shaping perception. His tweets about his learnings, the stories circulating in the media, and his attempts to rally support from the startup ecosystem were all aimed at crafting a strong narrative," said someone closely associated with Unacademy.
This is a premium article and available only to subscribers.
What you get

Premium In-Depth Stories
5 articles every week

Archives
>3 years of archives

Newsletter
5 every week

Gifting Credit
5 premium articles every month

Visual Infographics
1 every week

Sessions
3 screens Concurrently
Most Popular

Have a coupon code?
Access unlimited content at a special discounted rate. Trusted by top VC’s and leading organizations, we provide bulk subscriptions for groups of 30+. Contact us for more details
Top educational institutions have collaborated with us for campus-wide subscriptions. For bulk campus-wide access, please get in touch.
Got a tip? If you have a lead we should be chasing at The CapTable, write to us at tips@the-captable.com
Join our community of 100,000+ top executives, VCs, entrepreneurs, and brightest student minds










Convinced that The Captable stories and insights
will give you the edge?
Convinced that The Captable stories
and insights will give you the edge?
Subscribe Now
Sign Up Now