social media platform

“It has been an amazing journey and I am extremely grateful to have been a part of this journey. “We changed the test preparation industry forever,” Singh posted.

Munjal, the company's CEO, said he and Singh began working together while building FlatChat 11 years ago.

“It's been a crazy ride and I'm grateful to have a co-founder like you. Unacademy will miss you,” Munjal said on the X social media platform.

In FY23, Unacademy's operating revenue increased to Rs 907 crore from Rs 719 crore in FY22. The edtech platform narrowed its loss to Rs 1,678 crore in FY23 from Rs 2,847 crore in the previous fiscal.

In December, Munjal said the company had reduced cash burn by 60 per cent and with the existing "cash reserves" the company has a tenure of more than four years.

Unacademy was founded in 2015 by Munjal, Singh and Saini.