Funding may dry up for next 12-18 months: Unacademy CEO tells employees

Travel only if it is absolutely needed and meetings that can happen on Zoom should happen on Zoom, Gaurav Munjal tells employees

Unacademy predicts a funding winter lasting 18 to 24 months and will cut costs to weather the dry spell, said the chief executive of the education technology unicorn that recently laid off more than 600 employees.

“This is a test for all of us. We must learn to work under constraints and focus on profitability at all costs. We must survive the winter,” said Unacademy's co-founder and CEO Gaurav Munjal in a letter to the employees.

“Winter is here. We are looking at a time when the funding will dry up for at least 12-18 months. Some people are predicting