Unacademy 'not efficient' in finances, will shut some businesses: CEO

Unacademy, valued at $3.44 billion, will restrict business class travel end meals and snacks as complimentary perk at the startup

Unacademy is "not efficient at all" in managing finances and will shut down some businesses to conserve cash before it goes public in two years, said the edtech company’s CEO on Monday.

“We are not efficient at all. We spend crores on travel for employees and educators. Sometimes it’s needed, sometimes it’s not. There are a lot of unnecessary expenses that we do. We must cut all these expenses. We have a strong core business. We must turn profitable asap,” said Gaurav Munjal in a Slack post.

The Bengaluru-headquartered startup, valued at $3.44 billion, will restrict business class travel end