Edtech Firm Unacademy is expected to go public in a few years and seeks to make its core business of test preparation profitable in the next 12 months. The information was provided by a top official of the company.
Gaurav Munjal, CO-founder and CEO, Unacademy Group said that the company is looking to expand its Relevel division; which is a test platform for private jobs to global markets. He also said that next couple of years, the company would be launching an IPO.
Valued at USD 3.44 billion, the edtech firm claims to have 7.7 lakh active subscribers. Commenting on the Unacademy Stores, Munjal said the company plans to expand its wings Kota, Lucknow, and Jaipur. The centre will not serve as learning centres but will help students and their parents know about online education provided by Unacademy. Analyzing the response of the students, the company may think of to invest in the expansion in other parts of the country as well.
