Unacademy launches offline classes for Byju .-owned Aakash Institute

  • Unacademy announced its foray into the offline learning space with the launch of its upcoming Unacademy Centers.
  • The first Unacademy Center will be operational in Kota next month.
  • Unacademy is one of the highest-rated edtech companies in India, second only to Byju’s.

Edtech major Unacademy goes offline by launching Unacademy Centers in nine cities. This is the second online edtech major to choose this route after Byju Aakash Institute† Like Aakash, Unacademy would also focus on NEET UG, IIT JEE and foundation courses for students from the IX to XII.

It plans to open its first Unacademy center next month in Kota, Rajasthan, the country’s center for coaching classes. The company plans to launch more of them in Jaipur, Bangalore, Chandigarh, Ahmedabad, Patna, Pune and Delhi. It hopes to enroll up to 15,000 students in the first batch in centers.

“Our experiential touchpoints – Unacademy World has received a tremendous response from students, many of whom have also expressed the need for personal learning from the best educators,” Gaurav Munjal, co-founder and chief executive officer (CEO) of Unacademy Group, said .

Unacademy is the second most valued edtech companies in India after Byju’s

Unacademy is one of the highest-rated edtech companies in India, second only to Byju’s. The company has raised more than $800 million to date from major investors such as Zomato’s Deepinder Goyal, Oyo’s Ritesh Agarwal, Tiger Global, Mirae Asset, General Atlantic and others. The company was valued at $3.4 billion in August 2021.

By March of this year, the company had started reaching out to students and their parents through a contact point in New Delhi. It is designed and defined as an experience center for learners to browse the platform’s offerings.

Unacademy’s decision to venture into the offline space comes as it looks set to turn profitable by the end of this year. The company also laid off nearly 600 employees in March 2022 – about 10% of its total workforce.

ALSO SEE

ITC, Bharti Airtel, Indian Oil Corp are among the stocks to watch for May 18

Airtel Increased Its Profits By $2 Billion In FY2022 – Understand Its Earnings In Ten Easy Points

These are the top crypto losers who have reported the highest drop in the past 7 days