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What is Unacademy revenue model?

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What is Unacademy revenue model?

The company lists offers and discounts regularly on its app covering live classes, study materials, live mock tests, quizzes, other premium content, and more. ‘Unacademy Plus’ has nearly 100,000 subscribers, which offers paid educational services. These paid subscriptions are the main source of revenue for Unacademy.

How does Unacademy generate revenue?

According to the annual financial report filed by the company with MCA, Unacademy earned Rs 11.66 crore in revenue from operations during FY19. Importantly, its entire revenue has come through the paid subscription service. The company recorded a 6.6X jump in revenue during FY19 as compared to Rs 1.76 crore in FY18.

Is Unacademy making profit?

Bengaluru based Sorting Hat Technologies, which runs edtech platform Unacademy, reported a 294\% rise or a four fold increase in revenue at Rs 86 crore in financial year 2019-20 (FY20) from Rs 21.8 crore in FY19. Income from operations grew nearly six fold from Rs 11.6 crore to Rs 64.8 crore in the year.

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What is the revenue model?

A revenue model is the strategy of managing a company’s revenue streams and the resources required for each revenue stream. A business model is the structure comprised of all aspects of a company, including revenue model and revenue streams, and describes how they all work together.

Is Unacademy a loss?

The edtech platform, owned and operated by Sorting Hat Technologies Pvt Ltd, reported a consolidated net loss of ₹1, 537 crore for FY21 against ₹258.7 crore in 2019-20 (FY20), the company’s filings with the Ministry of Corporate Affairs (MCA) show.

What is the total revenue of Unacademy?

The company’s consolidated revenue from operations, however, jumped ₹397.69 crore from ₹64.7 crore in FY20. On a standalone basis, the company reported a net loss of ₹1,437.75 crore on a total revenue of ₹403.4 crore.

Who funded Vedantu?

2 days ago
Bengaluru: Edtech startup Vedantu has raised $100 million in a new funding round led by Temasek-backed impact investing fund ABC World Asia, catapulting it into the unicorn club. Existing investors such as Coatue Management, Tiger Global, GGV Capital and WestBridge Capital also participated in the fundraising.

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What is the best revenue model?

Types of Best Revenue Models:

  • Ad-Based Revenue Model.
  • Affiliate Revenue Model.
  • Transactional Revenue Model.
  • Subscription Revenue Model.
  • Web Sales.
  • Direct Sales.
  • Channel Sales (or Indirect Sales).
  • Retail Sales.