Unacademy’s cash burn falls to Rs 1.9 crore, says CEO Gaurav Munjal

Amid the ongoing funding slowdown in the Indian start-up ecosystem, edtech unicorn Unacademy has reduced its monthly cash burn to Rs. 1.9 crore, with its revenue reaching Rs. 130 crore, its founder and CEO Gaurav Munjal said in a tweet on Wednesday.

Responding to a Twitter user who shared a meme about how edtech firms, including the likes of Byju’s and Unacademy, burn cash, Gaurav Munjal, Unacademy’s founder and CEO, said that this “used to be the case a few months ago”.