India, Dec. 18 -- Gaurav Munjal-led Unacademy trimmed its standalone net loss by 82.09% to INR 285 Cr in the financial year ended March 31, 2024 (FY24) from INR 1,592 Cr in the previous fiscal year on the back of a reduction in overall expenditure.

Its operating revenue incurred a marginal dip of 2.31% to INR 716 Cr in FY24 from INR 733 Cr in the previous fiscal year. It is pertinent to note that Unacademy generates revenue from course subscription fees it collects from students.

The Peak XV Partners-backed edtech startup's total income, including other income, was INR 864 Cr during the year under review from INR 869 Cr last year. However, its other income increased to INR 148 Cr in FY24 from INR 136 Cr in the previous fiscal year.

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