India, April 21 -- Amid the ongoing slowdown in the country's edtech sector, Unacademy cofounder and CEO Gaurav Munjal has claimed that 70% of the startup's offline centres are on track to turn profitable in 2025.
Giving business updates on X, after the startup's townhall today, Munjal said that Unacademy is focussed on turning its "core business" profitable and will not be distracted by competitors' acquisition strategies.
Reflecting on the inorganic expansion strategy of edtech companies, Munjal said that pursuing growth through multiple acquisitions has not worked for edtech companies in India.
"Any EdTech (and we have done this mistake in the past) that goes after multiple acquisitions to grow is bound to fail. It just doesn't work...
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