No brother. 2014 roman was making videos on upsc. It was 1st time mrunal and roman were doing it. He was probation officer in my city. He loved study more than job. He was trying to prove a point. 22yr old youngest ias. They made the platform like youtube of education. Anyone can teach and anyone can watch. You were given points. Later they introduced pay wall. Then after getting mrunal started netflix type subscription. Keep education free to charge it.
@@gyatak200 but things have changed..they have introduced such a disgusting policy for educators which led to quitting of many good faculties leaving behind some not-so-educators
Offline edtech business runs on teacher’s face value. They go where money goes, so clearly Unacademy can’t play this game against giants like Aakash and Allen.
@@backstagewithmillionaires agreed but i like to add one more point even online business runs on teacher face value... as a student there were other mistakes done by unacademy.. They laid off top level educators and they were not good a balancing revenue versus marketing... It becomes a sales company from a education oriented company. Indian Students believes on what is getting rather then what is to be pretended. So Unacademy should focus on product, making R & D better. There is also new category generating AI Startups.. they can really do well there. Best Wishes from my said as unacademy has also changed my life :)
PW plays on cost which means they tends to maximize no. Of students and can't afford offline centers where as unacademy is in middle of it. So PW might be able to survive as cost effective or cheap source.
Unacademy has never really grown, in the traditional sense. Just hiring more people and opening more physical locations isn’t enough. Many young startup founders don’t realize that funding is just a temporary boost to the overall revenue of a startup and make it profitable. Spending money recklessly without a clear plan or growth strategy is just a way to create buzz and serve personal goals. Recently, they spent a whopping ₹12 crores on a pointless show with celebrities. How practical is it to call students to meet movie stars who have no connection to education or career motivation?
Well said. They've been inviting irrelevant movie stars, politicians to online classes, shows as if they'd really add insights to competitive exams. Burning all their money!
well said bro they dont understand the physcology of student and their parents instead of calling celebitiees and sports persons or any comadian who have nothing to do with education just wasting money of investors . instead of this they should hold education seminars , nation wide competition for students with prizes and make the company its face value on the true principles of the company . they should have market their teachers as they some of the best teachers in the industry. they failed to market them . they have total primium and best education model but still failing . indian parents wants best for their child if you have best and make them understand it is what they want for their for the child then they will not look at the price . it very simple ... bkl inko ye samjh nahi aa raha hai vo pw apna chutiya model bhech kar bhir profitable or ek taraf ye unacdemy orr byjus best model leke bhi apni essi ki tessi kra rahe hai
Munjal and Shah are just hype creator founders. Their companies havent been able to make a single rupee but they keep on commenting and giving knowledge to others.
Not an against point, but this isn't really about education. Education has already been solved by non profits like Khan Academy. Idk what these edtechs are even doing honestly.
The flip side is that it’s almost completely referral and result based. So even though retention is poor the next lot of customers primarily depend on the quality of service and deliverables to current customer base.
All these Startups are specially trained to burn money from day-1. The only thing that they are doing - elevating the Ad cost, office cost, day by day, making it too tough for genuine business persons.
The main problem for me was that they literally chase customers to buy their product which is at best sub-par. Had they focussed on improving the content, they wouldnt have had to face this situation.
They aren't listening to what their students want, they removed lectures of old great teachers who left and there are no way to now access it, this was the worst move by them till date
@@soundwave-d6y earlier it was a cp site...now they are just having everything Dev and so....earlier you could open cc and start solving question for whatever rating you choose... now they be like solve this module that module....the question in contest are cheap version of codeforces question....and many others changes...
Specialization is key in competitive exam coaching. Institutions like Allen and Drishti IAS have achieved remarkable success by focusing exclusively on NEET/JEE and UPSC, respectively. This specialized approach allows for a deeper understanding of exam patterns, thereby enhancing student outcomes. In contrast, platforms like Unacademy and Byju's, with a broader range of offerings, might face challenges in providing the same level of in-depth expertise.
Unacademy is doing same mistake like Byjus. Unacademy started off well with focus on Civil Service prep help for hinterland students with bare minimum resources. But, it started giving oppurtunity to teach for average and below average teachers. Instead it should have hired best Professors in different fields for 50topics of Civil Service Preparation. It should have focussed on Civil Service Prep for 3yrs for graduation level students. A full time 2yrs course for students who had finished their graduation and normal course of 1yr duration for repeaters. A specialised Essay writing course, a specialised Ethics paper prep, Answer writing course and Solving MCQ course for prelims exams. This business model would have definitely helped regular students and working professionals............ But Unacademy got cheap cost tutors from market charging high fee, too many complex courses and deviation from Civil Services towards too many areas where they had very little expertise.... Failed business
@@DevokiDev yes brother I agree, I have tried Byjus and it's a shithole ( i don't wanna use this word ) , but it is what it is . Then I switched back to a traditional coaching institute and it's 1 million times better than Byjus and cheaper too .
I remember when I got Roman Saini entry into the Byju's office back in 2017 (or 2018), he said that he had come to meet Byju. I guess a deal didn't work out back then
So basically the unacdemy founder scammed everyone... At this point i just want to know his compensation so far and what other assets he owns apart from unacademy...
Lol the guy lives in a big mansion with expensive interiors in Bangalore in one of the most expensive areas, goes to the priciest hotels across the world, travels business and first class etc. All this despite causing thousands of crores of loss in the last two years lol. I know someone who knows Gaurav personally and said all this about him. Being a startup founder is great if you know how to fool investors.
@@EdwinTyler nobody can fool investors as they ae seasoned businessman they keep a sharp eye on where their money is going , these founders are rich by family backgrounds , first you have to pledge your own money at least few crores (seed funding )then only investors invest their money on your startup , and legal bindings are so strong that very few founders have courage to swindle investor money or else look what happened to postpe founder whose wife duped investor money to the tune of 88 crores
The reason behind downfall is making teachers as sales man who focus on selling courses more than teaching. Even pressurize them to sale courses. everywhere ad.. unnecessary spend on cricket ad and many more not relevant for any student just hype hype and hype... Did not focus on quality and student interaction.. if i open app i get daily 10 calls from sales guys even after declining the calls multiple times..
Unacademy app is too difficult to use can't find Chapter wise lecture and it is too complicated to use. PW makes it's app so simple and pw focus on teachers while unacademy is focused on marketing with stars which is not useful in educational platform
@@awesomeguy6171 And look at how bright you are! At the time of writing, you have a 7-year-old video with zero views. But hey, it's not complicated-it could be a possibility that you're an undiscovered Nolan or Spielberg!
IMO, Amazon tried multiple things, in the meantime they mastered in their core… Where as unacademy doing multiple where they couldn’t succeed in their core…. Recent days, something rolling my mind, is it normal across doing business on multiple sector even no where recorded their success… Is that happening in India or is it common for across global.. Ola, Paytm, Byjus, Unacademy and more…
Agreed 🙌 they have failed to master their core business unlike Amazon who has consistently built their AWS over a decade or so as a moat and experimented a lot of things to get a little success ✌️
The issue with Unacademy was that their core business didn't make money as they expected (since it's a low retention game). On top of that, the company has raised 800 Million dollars, and so now to justify that funding and valuation, they have to find a hyper-scalable product, which they are trying to do with all the acquisitions and new product launches like language learning app - Pankaj
My tips to Roman: 1. Decrease focus on coaching and build technology and infrastructure that it can rent / sell to offline institutes. 2. Buy / build youtube channels like Vsauce and The physics girl in India. For example 'Gareeb scientist'. They are doing actual education , not coaching centers 😂😂😂 3. The biggest cost for anyone setting up coaching, dance, music, or any kind of training is the initial infrastructure required to rent real estate. This space is typically used only for a limited period each day. Unacademy could build learning centers where they pool spaces at different times for various coaching institutes and also provide office infrastructure. This approach could reduce the risk for all stakeholders, decrease the fee burden on students by at least 30%, and also justify the name 'learning center 4. Hire me for such advices..!!😂😂
When people start seeing that after spending 10 20 50 lakhs on education there is no job. what u expect. I knew this from last 4 years education system is cash cows nowdays. end is here. but student lost money n founder made hundreds of cr.
Main reason is ED-Tech fail is that ED-tech industry has no potential for growth because how many students from a ED-Tech coaching centre will crack NEET, JEE etc probably 1 out of 100 student or max 10 out of 100 students rest 90% of the students they will leave the coaching and tell others that it's not good and if they are taking repeat they will go to another coaching centre from that situation itself the ed-tech company will lose 80-90 % customers and if the students who couldn't crack the exam tell their relatives and friends that the coaching centre is not good then the company will again lose future customers. Also, it is a business where the retention rate is very low. An ed-tech company will only make money through entrance exams coaching only if at least 85-90% of their users/students clear or crack the exam which is just not going to happen because it will defeat the purpose of entrance exams. Having 1-5 offline coaching centre can make you money but at the end of the day it depends on word-of-mouth and not whether Shah Ruk Khan or any celebrity is endorsing it, parents simply wouldn't care unless they are naive. Thats why other countries don't have a thing like ed-tech companies for entrance exams simply because it just won't make sense. What company has to focus is K-12 in their online section and entrance coaching in their offline centre which should be only in 1-8 location max and sell mock test and papers otherwise the company will perish or have to move to another business.
Maybe but see the success rate in the offline is also the same , students who want to actually study but maybe they are not every level of study even though they want to improve they can't because in the operating system they would be shifted to the lower batches they would not have access to the same faculty, but in the case of online if you are enough if you are bold enough to study by yourself and be practically knowledgeable when the success rate would be high at least for a selection in online coaching and if I am speaking technically real aspirant if you want to crack IIT JEE then I think he would might be able to sacrifice some days for a nice future, and justify cover the expenses of network and set our concentration right then the chances will be higher for a person who is studying distance rather than just marking up in some offline centre which have no facility for an average student who is indeed actually wanting to study. for every 1000 students there are only maximum 2270 students who want to study really hard find even though they are economically poor this education system of online will give them a chance to succeed it will break the boundaries of money they may not be able to get CSE or rank in the IIT Bombay or neet but table for sure at least get a seat in some of the lower end iits or top end NIT that is for sure
Bro let me tell you some reality I study at unacademy kota center and here the teachers are leaving at a rapid rate because they are not getting salary . We asked some teachers and they said they have not received their salary for 3 months , so they are leaving
India and its students are missing a educational free platform that generate's revenue from adds where they can learn without any distraction coming from entertainment media. Like we need a youtube with is purely built for educational based content.
I remember one thing that Jayant Parikshit sir said, "Venture capitalist are actually vulture capitalist, they don't care about your vision but return on their investment and any start-up should make a distant relationship with VCs atleast for 15 years if they really want to create something useful."
In this business, you shouldn't expect skyrocketing success. But, they expected it. UPSC was their core business. But to make monopoly, they bought PrepLadder, WiFi Study etc. This coudn't gave result. There are multiple competitors in this market. Without Mrunal Patel and Sudarshan Gurjar, there are not a good teacher, who can help to crack. Hence, existing students couldn't deliver results. On the other hand, they went into market of JEE, NEET. That is different ball game. Which was already dominated by PW. Due to agrression they bought so much teachers, and couldn't sustain it. Courses remain incomplete. Students turned their back from Unacademy.
I used unacademy for banking exam preparation in 2022. And yes after clearing the exam i uninstalled the app and never cared about it again. I recently came to know the teachers i followed at that time have left the platform and started their own venture. I personally suggested many ofy juniors to follow unacademy but as the faculties left, its of no use. They opted for other Course. So yeah everything you said is on point.
Yes I also took Unacademy Plus subscription in 2020 and followed teachers like Ankush Lamba, Aashish Arora, Nimisha Bansal and Kapil Kathpal..all of them have left the platform..actually they were forced to leave the company becoz Unacademy brought a new policy that the educators can only teach on paid classes and Unacademy's YT channel..they can't teach on their personal YT channels..that's why all of my favorites have left the platform and started their own applications..only AVP is still there on Unacademy
Unacademy really helped us out during our JEE examinations via their free revision videos available on YT. However in the presence of PW selling the same course at 1/10th of the price , it never made me sense to instead go and buy the paid course of Unacademy
Its very difficulty for Allen to do merger. They are themselves under pressure and doing expansion in other cities is costing them itself. They have expanded Kota too much but now student's arent turning up to Kota bcz of rise of their own local centres and other platforms. Aakash itself is in peril. Byjus's bad branding is still on their heads. So only viable option is PW who also same as Unacademy have raised lot of funding and offline expansion. But this exam market is very volatile and true to nonr
Their SSC team lead have no idea about notification date, syllabus and weightage of various subjects. For a long time unacademy didn't have any teacher of maths for SSC. They shot their own foot when they hired good for nothing MBAs from ivy league B schools
I thought The most dangerouse compititor of unacadmy is physics wallah .. they providing more cheaper and cost effective education as comparative other.
Like most of India's startups there is a huge focus on low cost and no profit. India has very little excess cash, so it does not make sense to acquire customers that have no excess cash so they cannot pay for future services. India startups burn a lot investor cash. Uber and Netflix charge 4x in the USA vs what they can charge in India, hence no profit is possible to pay back the burned investor cash
This. This is the crux of the issue. We simply do not have disposable income. Either you somehow target those 100Mn top richest indians (tier 1 earning salary of about >$13k) and build a business which plateaus at 2000-3000cr or you build some company which every indian needs and is affordable for everyone, something like an FMCG company.
@@Lalit-yw2tb The median US salary is $67k a long way from 13k. It's hard to justify building a large customer base if there is little future business opportunity
This isn't true for all sectors. Take Food-delivery for eg. Zomato and Swiggy too spent a ton of money on acquiring customers, and now both of them are profitable. Zomato in fact, made 351 Crore Rs in profits last calender year. So, the trick is to find a sector, where people are fine spending money, and then build a really great company.
@@backstagewithmillionaires food delivery has yet to pay back it's investors so now the incentives are falling away it will be interesting to see if it remains profitable as it has not done well outside the big cities. Amazon and Flipkart are also losing a lot of cash from operations and ola and Uber while both break even, the profit marjins do not justify their investment in India so far. This sector is highly competitive with many new delivery companies coming in and stressing the razor thin profit margins. Both Amazon and Flipkart are not spending big in this sector and they are the global experts, so I would hesitate to say fast delivery is a runaway success. IT has proven to be very successful. Certain segments of manufacturing, textiles, pharma etc are all big winners in India.
@@backstagewithmillionaires one more thing is Education is a limited period job say for 1 year or 2 years. After that you have to find New Customers, but in the case of Zomato or Swiggy, if a customer has been added and now they are addicted to its services, they will again buy products from their platform and New Customers adding is additional benefits. This is not in the case in the education sector, here existing students go out and you have to add New students
If they focus on Codechef only... they can get huge success for sure... There core business is promoting online premium education... But instead of k-12 education.. if they focus on College - Level Programming,DSA courses, Web Devs.. they can generate money.. Unlike what udemy is doing... there is still a gap Live classes and coding platforms will be insane if they made it
Instead of studying in schools and colleges we choose to study from these often subpar online sources. Who is setting the curriculum here? Are the teachers really qualified.
I'm a neet aspirant , in 2021 they have just awesome educators and the app was also super cool to use . But nowadays the app is getting difficult to use due to unnecessary updates. Many brilliant educators of neet ug left Unacadamy and only fews are left . Sir Prateek jain(physics ), Amit Gupta (biology) , Ajay Kumar Mishra (chemistry) these teachers are enough for getting a good rank in neet ug. And i don't find any other educators like them on whole RUclips.
No student want's to miss the physical school and college vibe therfore they should concentrate on tutions for competitive exam's foundations and related products should be promoted undergraduate and pg courses and diversify their ture potentials in markets with both modes.
ED- Tech is future , Unacademy could have become a great platform but their app is clumsy , so many teacher so many live class so many recorded classes where to study what to study , ED-Tech main focus should be to give education at low cost with better quality education than offline bussiness, but what they are doing is plain marketing, less focus on interactive learning and more focus on hire and fire teachers, spending money of unnecessary marketing gimmicks.
All.companies are laying off employees, and becoming profitable. Even Reliance laid off 42000 employees. People are not just as educated and skilled as per industry requirement.
They wanted to grow sooo fast. The initial idea of launching a free education content has become soo commercial one. No one would dream to believe them. However trying hard to save the company is a good idea at the end. Keeping mind in many things would actually decrease success rate in any of the product.
I uttterly despise these online and even offline coachings. They have made quality education simply unafforadable for avg populace. The Govt itself is more than happy to sell the student's future to these money hungry corporations.
I think they need to improve their quality in offline centers, and have some patience for 2-4 years. If they would provide good results then they will automatically pull the students
Har din teacher change krke koi v edtech company grow nhi krega.. Still there is a good market of online education! But student always wants to learn from the best! A person who didn't crack any exam is teaching you! Is not good!
I mean I don't how reputed founders was not able to figure out that in the pandemic the demands for online learning going to be a temporary thing but I guess they just don't wanted to miss any funding story and wanted to present to that we are also a big learning platform like others. For me it was quite obvious that it's gonna be shrink as soon as the schools gets open even amazon launched it's vertical as Amazon Academy that was quite surprising to me.
I have been a core user of unacademy subscription since 2020 even took their first offline class The main problem i have been seeing since then Is like giving too many options (as teachers) and taking more money And also spending crores on useless marketing which mostly students never liked They should have done the product like a batch kind of thing and sell it in lower price the way pw does But they used to offer multiple teachers at much price Also as a student it was much complicated because of the multiple options Also they layed off popular youtube teacher because of last yr youtube controversy Because of which people are resisting to buy unacademy subscription even at very lower price now Personally speaking I don't want unacademy to fail or give up They have been good for students like me
Dont wanna sound offensive, but the tonality and flow is the same in every sentence (which you cant unhear, once heard). Maybe lets bring in a bit more flavour? Feels like a script is being read. Hope this is taken constructively.
They have started a gud way but need to focus on working at ground level, eg : 60% support should be from the management and 40% of marketing(which adds off 100%) Do not comparamise on your product be strong into it then every thing will be at back.......jai hind
And I think , the demand for edtech products(test ,batchesetc) are becoming too much elastic because day by day many other better substitute are there in market one of the latest example is almost 4-5 teachers build left unacemedy starts there venture and sell it off to adda24. And many are doing the samee. The market share is declining may be this reason?
lol Unacedmy used to do weird things like wasting money on ads. giving ipads, macbooks etc. Better spend on Quality and customer satisfaction. If customer is satisfied and result stats will be good, people will recommend each other.
True, unacademy has great content, but it's tough to see a good ROI because of the low retention rate. They've spent a lot on users who might leave in a couple of years. For people like us to to have access to affordable quality content, it's important for competitors to stay in the market. Good Luck!
Yea, in Education Industries we have floating users so number of users will not be incremental but number of users will be a constant or slightly increasing depends on youth population of the country. They get new set of users every year... it will not be as profitable as ola or uber. Where they charge tiny amount on daily basis but this is really a good one. Even this is give tough competition to educational institutions having fixed asserts if molded properly as operational cost can be minimized.. If Education is not a good business they why do we have so many institutions.. At this situation the founder can sell his Services like online mock tests alone to offline institute and charger some fee from them.. also he can create a portal allowing guest lecture enquiry.. can try to tie-up with Educational institutions to train their students for competitive exams.. there a lots of way to make it work.. Anyway Educational institutes will keep having students every year so tieing up with institutions will be easier, win-win approach I believe.
Wtf aakash ? I have studied from both aakash kota offline and unacademy kota offline centre there is no comparison btn them unacademy is far good than aakash unacademy have kota all top teachers including ashish gupta sir for physics , ysy sir for organic , rd sir for inorganic , tnm sir for physical chemistry, dr mks for zoology , insaf ali sir for botany
Wow, only if founders and VCs had listened to you. You should write them a mail explaining terms like CAC, LTV, and retention. Looks like they are not aware of these basic business fundamentals. Although, do expect them to write back to you about hindisight bias.
No, on teacher face value , I have seen in akash many students want specific teacher , they will choose other centre /coaching if the certain teacher is teaching on other centre or coaching. Many IAS coaching is also running on the face value of some teachers however that was other thing they they are now owner of these coaching and didn't tech anymore.
You can give all the possible information you can, you can't give the insights. They're failing there. No matter who agree with me or not, it's more of teachers students bond that grows the knowledge. The moment they call it business, it's over.
Maybe but see the success rate in the offline is also the same , students who want to actually study but maybe they are not every level of study even though they want to improve they can't because in the operating system they would be shifted to the lower batches they would not have access to the same faculty, but in the case of online if you are enough if you are bold enough to study by yourself and be practically knowledgeable when the success rate would be high at least for a selection in online coaching and if I am speaking technically real aspirant if you want to crack IIT JEE then I think he would might be able to sacrifice some days for a nice future, and justify cover the expenses of network and set our concentration right then the chances will be higher for a person who is studying distance rather than just marking up in some offline centre which have no facility for an average student who is indeed actually wanting to study. for every 1000 students there are only maximum 2270 students who want to study really hard find even though they are economically poor this education system of online will give them a chance to succeed it will break the boundaries of money they may not be able to get CSE or rank in the IIT Bombay or neet but table for sure at least get a seat in some of the lower end iits or top end NIT that is for sure
WHat's wrong with improving education in schools instead? Main issue is that students go to coaching centers because of lacklustre quality of teaching in schools wasting both time and money
Paise aatein hi saarein founders thode se paagal ho jaatein... Abhi toh Physics Wallah ke profit bhi 98 crore se 16 crore ho gaye hai... Thode se business minded hona chahiye... Paise aate hi zaroorat se zyada logon ko hire karna not a good business plan. Sab cheez dheere dheere karna chahiye... Abhi toh engineering colleges bhi bandh ho raha hai... So thoda saabdhaan hona chahiye...
As a student, I don't even remember when was the last time I watched unacademy last time
i remember during march 2020 for class 9th physics on yt because of boredom
But for cat i will tell its great
Yes
Same here😂
unacademy teachers are best..
The main hype for Unacademy started right after KOTA FACTORY Season 1 aired. It was basically a big ad for Unacademy with good enough story line.
Almost all TVF web series released after that were Un academy ad
TVF's Aspirants ep-2 was a complete promotional episode of unacademy😂
No brother. 2014 roman was making videos on upsc. It was 1st time mrunal and roman were doing it. He was probation officer in my city. He loved study more than job. He was trying to prove a point. 22yr old youngest ias. They made the platform like youtube of education.
Anyone can teach and anyone can watch. You were given points. Later they introduced pay wall.
Then after getting mrunal started netflix type subscription.
Keep education free to charge it.
@@gyatak200 but things have changed..they have introduced such a disgusting policy for educators which led to quitting of many good faculties leaving behind some not-so-educators
PWs offline business might see a downfall too as most of the faculty members are already in touch with competitor and negotiating salaries. lol
Offline edtech business runs on teacher’s face value.
They go where money goes, so clearly Unacademy can’t play this game against giants like Aakash and Allen.
Kuch bhi ?
@@backstagewithmillionaires agreed but i like to add one more point even online business runs on teacher face value... as a student there were other mistakes done by unacademy.. They laid off top level educators and they were not good a balancing revenue versus marketing... It becomes a sales company from a education oriented company. Indian Students believes on what is getting rather then what is to be pretended. So Unacademy should focus on product, making R & D better. There is also new category generating AI Startups.. they can really do well there. Best Wishes from my said as unacademy has also changed my life :)
Especially in kota its gonna shutdown soon!!
PW plays on cost which means they tends to maximize no. Of students and can't afford offline centers where as unacademy is in middle of it.
So PW might be able to survive as cost effective or cheap source.
Unacademy has never really grown, in the traditional sense. Just hiring more people and opening more physical locations isn’t enough. Many young startup founders don’t realize that funding is just a temporary boost to the overall revenue of a startup and make it profitable. Spending money recklessly without a clear plan or growth strategy is just a way to create buzz and serve personal goals. Recently, they spent a whopping ₹12 crores on a pointless show with celebrities. How practical is it to call students to meet movie stars who have no connection to education or career motivation?
Well said. They've been inviting irrelevant movie stars, politicians to online classes, shows as if they'd really add insights to competitive exams. Burning all their money!
@@dominique1897 yeah and Byjus sponsored messi what's the point in that ?
well said bro they dont understand the physcology of student and their parents instead of calling celebitiees and sports persons or any comadian who have nothing to do with education just wasting money of investors . instead of this they should hold education seminars , nation wide competition for students with prizes and make the company its face value on the true principles of the company . they should have market their teachers as they some of the best teachers in the industry. they failed to market them . they have total primium and best education model but still failing . indian parents wants best for their child if you have best and make them understand it is what they want for their for the child then they will not look at the price . it very simple ...
bkl inko ye samjh nahi aa raha hai vo pw apna chutiya model bhech kar bhir profitable or ek taraf ye unacdemy orr byjus best model leke bhi apni essi ki tessi kra rahe hai
they have realized, they just want to fool enough VCs and earn enough money
Munjal and Shah are just hype creator founders. Their companies havent been able to make a single rupee but they keep on commenting and giving knowledge to others.
True giving bs knowledge (gyan) all the time on twitter. Most of the CEO s are actually delusional and suffer from Dunning Kruger effect
"Education is a low retention business", that's an amazing insight. I would love if someone could add points against this.
yes, but it's a pretty sizable one time purchase though
Not an against point, but this isn't really about education. Education has already been solved by non profits like Khan Academy. Idk what these edtechs are even doing honestly.
You get new customers every year, especially in a country like India
It's a low retention, but high referral business.
The flip side is that it’s almost completely referral and result based. So even though retention is poor the next lot of customers primarily depend on the quality of service and deliverables to current customer base.
All these Startups are specially trained to burn money from day-1. The only thing that they are doing - elevating the Ad cost, office cost, day by day, making it too tough for genuine business persons.
The main problem for me was that they literally chase customers to buy their product which is at best sub-par. Had they focussed on improving the content, they wouldnt have had to face this situation.
They aren't listening to what their students want, they removed lectures of old great teachers who left and there are no way to now access it, this was the worst move by them till date
Which teacher btw?
They Destroyed codechef
Truth...I started cp with codechef ..now i dont even login....it just is worse
@@user-fm8jx why so pls explain
@@soundwave-d6y earlier it was a cp site...now they are just having everything Dev and so....earlier you could open cc and start solving question for whatever rating you choose... now they be like solve this module that module....the question in contest are cheap version of codeforces question....and many others changes...
How?
@@soundwave-d6y i did reply but my comment was deleted
They are learning from it?? After spending 4600 cr on 2y..
Specialization is key in competitive exam coaching. Institutions like Allen and Drishti IAS have achieved remarkable success by focusing exclusively on NEET/JEE and UPSC, respectively. This specialized approach allows for a deeper understanding of exam patterns, thereby enhancing student outcomes. In contrast, platforms like Unacademy and Byju's, with a broader range of offerings, might face challenges in providing the same level of in-depth expertise.
Unacademy is doing same mistake like Byjus. Unacademy started off well with focus on Civil Service prep help for hinterland students with bare minimum resources. But, it started giving oppurtunity to teach for average and below average teachers. Instead it should have hired best Professors in different fields for 50topics of Civil Service Preparation. It should have focussed on Civil Service Prep for 3yrs for graduation level students. A full time 2yrs course for students who had finished their graduation and normal course of 1yr duration for repeaters. A specialised Essay writing course, a specialised Ethics paper prep, Answer writing course and Solving MCQ course for prelims exams. This business model would have definitely helped regular students and working professionals............ But Unacademy got cheap cost tutors from market charging high fee, too many complex courses and deviation from Civil Services towards too many areas where they had very little expertise.... Failed business
@@DevokiDev yes brother I agree, I have tried Byjus and it's a shithole ( i don't wanna use this word ) , but it is what it is . Then I switched back to a traditional coaching institute and it's 1 million times better than Byjus and cheaper too .
I remember when I got Roman Saini entry into the Byju's office back in 2017 (or 2018), he said that he had come to meet Byju. I guess a deal didn't work out back then
I have cleared CA Inter Exam in my 1st Attempt just because of UA
So basically the unacdemy founder scammed everyone...
At this point i just want to know his compensation so far and what other assets he owns apart from unacademy...
Lol the guy lives in a big mansion with expensive interiors in Bangalore in one of the most expensive areas, goes to the priciest hotels across the world, travels business and first class etc. All this despite causing thousands of crores of loss in the last two years lol. I know someone who knows Gaurav personally and said all this about him. Being a startup founder is great if you know how to fool investors.
@@EdwinTyler nobody can fool investors as they ae seasoned businessman they keep a sharp eye on where their money is going , these founders are rich by family backgrounds , first you have to pledge your own money at least few crores (seed funding )then only investors invest their money on your startup , and legal bindings are so strong that very few founders have courage to swindle investor money or else look what happened to postpe founder whose wife duped investor money to the tune of 88 crores
The reason behind downfall is making teachers as sales man who focus on selling courses more than teaching. Even pressurize them to sale courses. everywhere ad.. unnecessary spend on cricket ad and many more not relevant for any student just hype hype and hype... Did not focus on quality and student interaction.. if i open app i get daily 10 calls from sales guys even after declining the calls multiple times..
PW faculty members are looking out for other options, already in talks with competitors
offline or online
Don't spam here bro!
Unacademy app is too difficult to use can't find Chapter wise lecture and it is too complicated to use.
PW makes it's app so simple and pw focus on teachers while unacademy is focused on marketing with stars which is not useful in educational platform
its not complicated, but it could be a possibility that you aren't as bright as you think you are.
@@awesomeguy6171asli id se aao munjal
@@awesomeguy6171 😭😭
@@awesomeguy6171😂😂😂
@@awesomeguy6171 And look at how bright you are! At the time of writing, you have a 7-year-old video with zero views. But hey, it's not complicated-it could be a possibility that you're an undiscovered Nolan or Spielberg!
IMO, Amazon tried multiple things, in the meantime they mastered in their core…
Where as unacademy doing multiple where they couldn’t succeed in their core….
Recent days, something rolling my mind, is it normal across doing business on multiple sector even no where recorded their success… Is that happening in India or is it common for across global..
Ola, Paytm, Byjus, Unacademy and more…
Agreed 🙌 they have failed to master their core business unlike Amazon who has consistently built their AWS over a decade or so as a moat and experimented a lot of things to get a little success ✌️
The issue with Unacademy was that their core business didn't make money as they expected (since it's a low retention game). On top of that, the company has raised 800 Million dollars, and so now to justify that funding and valuation, they have to find a hyper-scalable product, which they are trying to do with all the acquisitions and new product launches like language learning app - Pankaj
@@backstagewithmillionaires don't you think it's better to think about building the business instead of running after valuation?
Without profit there is NO business
My tips to Roman:
1. Decrease focus on coaching and build technology and infrastructure that it can rent / sell to offline institutes.
2. Buy / build youtube channels like Vsauce and The physics girl in India. For example 'Gareeb scientist'. They are doing actual education , not coaching centers 😂😂😂
3. The biggest cost for anyone setting up coaching, dance, music, or any kind of training is the initial infrastructure required to rent real estate. This space is typically used only for a limited period each day. Unacademy could build learning centers where they pool spaces at different times for various coaching institutes and also provide office infrastructure. This approach could reduce the risk for all stakeholders, decrease the fee burden on students by at least 30%, and also justify the name 'learning center
4. Hire me for such advices..!!😂😂
Hey Vsauce ❤ Michael here .
With real estate they risk becoming like we work, a big failure.
@@CountingStars333 may be can figure out a way to, lease , develop and then rent out.
😂😂😂
Good bro😂 I like your thoughts
App layout is very confusing . not well structured . not very engaging .
True as a subscriber of theirs it's a head ache to find anything on their app
When people start seeing that after spending 10 20 50 lakhs on education there is no job. what u expect. I knew this from last 4 years education system is cash cows nowdays. end is here. but student lost money n founder made hundreds of cr.
EdTech has a short life span. It can never be bigger than Netflix or e-commerce. That was the first mistake.
Main reason is ED-Tech fail is that ED-tech industry has no potential for growth because how many students from a ED-Tech coaching centre will crack NEET, JEE etc probably 1 out of 100 student or max 10 out of 100 students rest 90% of the students they will leave the coaching and tell others that it's not good and if they are taking repeat they will go to another coaching centre from that situation itself the ed-tech company will lose 80-90 % customers and if the students who couldn't crack the exam tell their relatives and friends that the coaching centre is not good then the company will again lose future customers. Also, it is a business where the retention rate is very low. An ed-tech company will only make money through entrance exams coaching only if at least 85-90% of their users/students clear or crack the exam which is just not going to happen because it will defeat the purpose of entrance exams. Having 1-5 offline coaching centre can make you money but at the end of the day it depends on word-of-mouth and not whether Shah Ruk Khan or any celebrity is endorsing it, parents simply wouldn't care unless they are naive. Thats why other countries don't have a thing like ed-tech companies for entrance exams simply because it just won't make sense. What company has to focus is K-12 in their online section and entrance coaching in their offline centre which should be only in 1-8 location max and sell mock test and papers otherwise the company will perish or have to move to another business.
Maybe but see the success rate in the offline is also the same , students who want to actually study but maybe they are not every level of study even though they want to improve they can't because in the operating system they would be shifted to the lower batches they would not have access to the same faculty, but in the case of online if you are enough if you are bold enough to study by yourself and be practically knowledgeable when the success rate would be high at least for a selection in online coaching and if I am speaking technically real aspirant if you want to crack IIT JEE then I think he would might be able to sacrifice some days for a nice future, and justify cover the expenses of network and set our concentration right then the chances will be higher for a person who is studying distance rather than just marking up in some offline centre which have no facility for an average student who is indeed actually wanting to study. for every 1000 students there are only maximum 2270 students who want to study really hard find even though they are economically poor this education system of online will give them a chance to succeed it will break the boundaries of money they may not be able to get CSE or rank in the IIT Bombay or neet but table for sure at least get a seat in some of the lower end iits or top end NIT that is for sure
Bro let me tell you some reality
I study at unacademy kota center and here the teachers are leaving at a rapid rate because they are not getting salary . We asked some teachers and they said they have not received their salary for 3 months , so they are leaving
Thanks for sharing this! Definitely an interesting insight. I wonder what will happen in the next few months. -Caleb
I think the one who liked my comment is also studying at unacademy kota 😂😂😂
Yaa bro , I am also studying in unacademy kota and my 3 teachers left this institute in 3 months and now 2 more teachers may leave the institute
@@Oikuvytvyvgyuvgyvguuvhguivgh which batch bro?
@@samratpratapsingh9065 for which exam?
India and its students are missing a educational free platform that generate's revenue from adds where they can learn without any distraction coming from entertainment media.
Like we need a youtube with is purely built for educational based content.
NPTEL?
I remember one thing that Jayant Parikshit sir said, "Venture capitalist are actually vulture capitalist, they don't care about your vision but return on their investment and any start-up should make a distant relationship with VCs atleast for 15 years if they really want to create something useful."
Like jio . Everything was free in early days ,now every year they are increasing prices😢😢😢
In this business, you shouldn't expect skyrocketing success. But, they expected it. UPSC was their core business. But to make monopoly, they bought PrepLadder, WiFi Study etc. This coudn't gave result. There are multiple competitors in this market. Without Mrunal Patel and Sudarshan Gurjar, there are not a good teacher, who can help to crack. Hence, existing students couldn't deliver results.
On the other hand, they went into market of JEE, NEET. That is different ball game. Which was already dominated by PW. Due to agrression they bought so much teachers, and couldn't sustain it. Courses remain incomplete. Students turned their back from Unacademy.
UnAcademy is actually a situational business like selling a mask, or selling umbrella...now students can go back to their offline teachers.
seems like a boom and bust cycle. Most Edtech companies will be under scrutiny after Byju's fiasco
i think everything is free on RUclips
I used unacademy for banking exam preparation in 2022. And yes after clearing the exam i uninstalled the app and never cared about it again.
I recently came to know the teachers i followed at that time have left the platform and started their own venture.
I personally suggested many ofy juniors to follow unacademy but as the faculties left, its of no use. They opted for other Course. So yeah everything you said is on point.
Yes I also took Unacademy Plus subscription in 2020 and followed teachers like Ankush Lamba, Aashish Arora, Nimisha Bansal and Kapil Kathpal..all of them have left the platform..actually they were forced to leave the company becoz Unacademy brought a new policy that the educators can only teach on paid classes and Unacademy's YT channel..they can't teach on their personal YT channels..that's why all of my favorites have left the platform and started their own applications..only AVP is still there on Unacademy
Unacademy really helped us out during our JEE examinations via their free revision videos available on YT. However in the presence of PW selling the same course at 1/10th of the price , it never made me sense to instead go and buy the paid course of Unacademy
Gaurav Munjal is the most un-inspiring CEO of all time.
Alakh panda also
Its very difficulty for Allen to do merger. They are themselves under pressure and doing expansion in other cities is costing them itself. They have expanded Kota too much but now student's arent turning up to Kota bcz of rise of their own local centres and other platforms.
Aakash itself is in peril. Byjus's bad branding is still on their heads.
So only viable option is PW who also same as Unacademy have raised lot of funding and offline expansion. But this exam market is very volatile and true to nonr
If Bhavesh Agarwal is supporting unacadamy then consider problem is bigger than what is been reported
I am so curious to see you touching 1M Subscriber count. Kudos!
Their SSC team lead have no idea about notification date, syllabus and weightage of various subjects.
For a long time unacademy didn't have any teacher of maths for SSC.
They shot their own foot when they hired good for nothing MBAs from ivy league B schools
I thought The most dangerouse compititor of unacadmy is physics wallah .. they providing more cheaper and cost effective education as comparative other.
Like most of India's startups there is a huge focus on low cost and no profit. India has very little excess cash, so it does not make sense to acquire customers that have no excess cash so they cannot pay for future services. India startups burn a lot investor cash. Uber and Netflix charge 4x in the USA vs what they can charge in India, hence no profit is possible to pay back the burned investor cash
This. This is the crux of the issue. We simply do not have disposable income. Either you somehow target those 100Mn top richest indians (tier 1 earning salary of about >$13k) and build a business which plateaus at 2000-3000cr or you build some company which every indian needs and is affordable for everyone, something like an FMCG company.
@@Lalit-yw2tb The median US salary is $67k a long way from 13k. It's hard to justify building a large customer base if there is little future business opportunity
This isn't true for all sectors. Take Food-delivery for eg. Zomato and Swiggy too spent a ton of money on acquiring customers, and now both of them are profitable. Zomato in fact, made 351 Crore Rs in profits last calender year.
So, the trick is to find a sector, where people are fine spending money, and then build a really great company.
@@backstagewithmillionaires food delivery has yet to pay back it's investors so now the incentives are falling away it will be interesting to see if it remains profitable as it has not done well outside the big cities. Amazon and Flipkart are also losing a lot of cash from operations and ola and Uber while both break even, the profit marjins do not justify their investment in India so far. This sector is highly competitive with many new delivery companies coming in and stressing the razor thin profit margins. Both Amazon and Flipkart are not spending big in this sector and they are the global experts, so I would hesitate to say fast delivery is a runaway success. IT has proven to be very successful. Certain segments of manufacturing, textiles, pharma etc are all big winners in India.
@@backstagewithmillionaires one more thing is Education is a limited period job say for 1 year or 2 years. After that you have to find New Customers, but in the case of Zomato or Swiggy, if a customer has been added and now they are addicted to its services, they will again buy products from their platform and New Customers adding is additional benefits. This is not in the case in the education sector, here existing students go out and you have to add New students
If they focus on Codechef only... they can get huge success for sure...
There core business is promoting online premium education... But instead of k-12 education.. if they focus on College - Level Programming,DSA courses, Web Devs.. they can generate money.. Unlike what udemy is doing... there is still a gap Live classes and coding platforms will be insane if they made it
In offline coaching no any one can beat Allen carrer institute 36 years huge experience in coaching industry
Even allen has started cost cutting
These two guys are very tough, they will find something, giving up is not an option for them.
Instead of studying in schools and colleges we choose to study from these often subpar online sources. Who is setting the curriculum here? Are the teachers really qualified.
they distroyed spayelabs too by making in graphy
India is a country of Rishi descedents. People dont like too much business at lower quality with Sun Tsu style of market capture😂😂
They are just filling their pockets with investors money and now again filling their pockets with the name of new products
I'm a neet aspirant , in 2021 they have just awesome educators and the app was also super cool to use . But nowadays the app is getting difficult to use due to unnecessary updates. Many brilliant educators of neet ug left Unacadamy and only fews are left . Sir Prateek jain(physics ), Amit Gupta (biology) , Ajay Kumar Mishra (chemistry) these teachers are enough for getting a good rank in neet ug. And i don't find any other educators like them on whole RUclips.
9:33 They should spend on new products in my opinion
No student want's to miss the physical school and college vibe therfore they should concentrate on tutions for competitive exam's foundations and related products should be promoted undergraduate and pg courses and diversify their ture potentials in markets with both modes.
ED- Tech is future , Unacademy could have become a great platform but their app is clumsy , so many teacher so many live class so many recorded classes where to study what to study , ED-Tech main focus should be to give education at low cost with better quality education than offline bussiness, but what they are doing is plain marketing, less focus on interactive learning and more focus on hire and fire teachers, spending money of unnecessary marketing gimmicks.
And second thing Unacademy is test prep app not a school or college (however they could have become in future with the advent of AR VR technology).
All.companies are laying off employees, and becoming profitable. Even Reliance laid off 42000 employees. People are not just as educated and skilled as per industry requirement.
the issue is giving high salary when they cant offord
They wanted to grow sooo fast. The initial idea of launching a free education content has become soo commercial one. No one would dream to believe them. However trying hard to save the company is a good idea at the end. Keeping mind in many things would actually decrease success rate in any of the product.
I uttterly despise these online and even offline coachings. They have made quality education simply unafforadable for avg populace. The Govt itself is more than happy to sell the student's future to these money hungry corporations.
I think they need to improve their quality in offline centers, and have some patience for 2-4 years. If they would provide good results then they will automatically pull the students
Har din teacher change krke koi v edtech company grow nhi krega.. Still there is a good market of online education! But student always wants to learn from the best! A person who didn't crack any exam is teaching you! Is not good!
Bro which Microphone you use in ur video's ?
The next byju
Proof that Education cannot be bought or sold, it can only be taught 🎉
I mean I don't how reputed founders was not able to figure out that in the pandemic the demands for online learning going to be a temporary thing but I guess they just don't wanted to miss any funding story and wanted to present to that we are also a big learning platform like others. For me it was quite obvious that it's gonna be shrink as soon as the schools gets open even amazon launched it's vertical as Amazon Academy that was quite surprising to me.
Ssc section of unacademy is finished no good teacher in it now😢
I have been a core user of unacademy subscription since 2020 even took their first offline class
The main problem i have been seeing since then
Is like giving too many options (as teachers) and taking more money
And also spending crores on useless marketing which mostly students never liked
They should have done the product like a batch kind of thing and sell it in lower price the way pw does
But they used to offer multiple teachers at much price
Also as a student it was much complicated because of the multiple options
Also they layed off popular youtube teacher because of last yr youtube controversy
Because of which people are resisting to buy unacademy subscription even at very lower price now
Personally speaking I don't want unacademy to fail or give up
They have been good for students like me
Though the best thing I like about all the failed startups, they still end up taking money from investors and putting them in employees pockets. 💓
Dont wanna sound offensive, but the tonality and flow is the same in every sentence (which you cant unhear, once heard).
Maybe lets bring in a bit more flavour?
Feels like a script is being read.
Hope this is taken constructively.
You want him to sound dramatic ?
This is a info channel not
Ajj tak
Actually what you said is true.
but they lacked high quality
They have started a gud way but need to focus on working at ground level,
eg : 60% support should be from the management and 40% of marketing(which adds off 100%)
Do not comparamise on your product be strong into it then every thing will be at back.......jai hind
And I think , the demand for edtech products(test ,batchesetc) are becoming too much elastic because day by day many other better substitute are there in market one of the latest example is almost 4-5 teachers build left unacemedy starts there venture and sell it off to adda24. And many are doing the samee. The market share is declining may be this reason?
lol Unacedmy used to do weird things like wasting money on ads. giving ipads, macbooks etc. Better spend on Quality and customer satisfaction. If customer is satisfied and result stats will be good, people will recommend each other.
Unacademy RUclips channels ki wajah se chl rha hai 🤣🤣🤣
Not sure about how they are doing as a business but unacademy and byjus' have flooded internet with good educational content.
the difference between amazon and unacademy is that, amazon experiments using earned money, unacademy experiments using raised money
True, unacademy has great content, but it's tough to see a good ROI because of the low retention rate. They've spent a lot on users who might leave in a couple of years. For people like us to to have access to affordable quality content, it's important for competitors to stay in the market. Good Luck!
Unacademy lost its Gate platform when he removed some best teachers and included some controversial teachers.
I wonder how he can get those funds despite his businesses not doing well!
not burnt man , they give themselves 50crore salary , also give jobs to their close one, give more jobs.
Dude came up dressed like that german shepherd (not the dog). LOL
Good topic though,.
Yea, in Education Industries we have floating users so number of users will not be incremental but number of users will be a constant or slightly increasing depends on youth population of the country. They get new set of users every year... it will not be as profitable as ola or uber. Where they charge tiny amount on daily basis but this is really a good one. Even this is give tough competition to educational institutions having fixed asserts if molded properly as operational cost can be minimized.. If Education is not a good business they why do we have so many institutions.. At this situation the founder can sell his Services like online mock tests alone to offline institute and charger some fee from them.. also he can create a portal allowing guest lecture enquiry.. can try to tie-up with Educational institutions to train their students for competitive exams.. there a lots of way to make it work.. Anyway Educational institutes will keep having students every year so tieing up with institutions will be easier, win-win approach I believe.
Wtf aakash ? I have studied from both aakash kota offline and unacademy kota offline centre there is no comparison btn them unacademy is far good than aakash unacademy have kota all top teachers including ashish gupta sir for physics , ysy sir for organic , rd sir for inorganic , tnm sir for physical chemistry, dr mks for zoology , insaf ali sir for botany
Wow, only if founders and VCs had listened to you. You should write them a mail explaining terms like CAC, LTV, and retention. Looks like they are not aware of these basic business fundamentals. Although, do expect them to write back to you about hindisight bias.
offline success depends on the brand value
No, on teacher face value , I have seen in akash many students want specific teacher , they will choose other centre /coaching if the certain teacher is teaching on other centre or coaching. Many IAS coaching is also running on the face value of some teachers however that was other thing they they are now owner of these coaching and didn't tech anymore.
If COVID or something like.,happens...
These companies will flourish again....
You can give all the possible information you can, you can't give the insights. They're failing there. No matter who agree with me or not, it's more of teachers students bond that grows the knowledge. The moment they call it business, it's over.
Once you subscribe, they wont answer your call anymore, that is the result you get when you don't respect and value your customer
video is too stretched for now reason with random data
Yes even PW will be shut within 1 year...
they came offline too late
I think in futute unacadamy will compete with geeks for geeks 😂
Most important all star teacher made their own app
Maybe but see the success rate in the offline is also the same , students who want to actually study but maybe they are not every level of study even though they want to improve they can't because in the operating system they would be shifted to the lower batches they would not have access to the same faculty, but in the case of online if you are enough if you are bold enough to study by yourself and be practically knowledgeable when the success rate would be high at least for a selection in online coaching and if I am speaking technically real aspirant if you want to crack IIT JEE then I think he would might be able to sacrifice some days for a nice future, and justify cover the expenses of network and set our concentration right then the chances will be higher for a person who is studying distance rather than just marking up in some offline centre which have no facility for an average student who is indeed actually wanting to study. for every 1000 students there are only maximum 2270 students who want to study really hard find even though they are economically poor this education system of online will give them a chance to succeed it will break the boundaries of money they may not be able to get CSE or rank in the IIT Bombay or neet but table for sure at least get a seat in some of the lower end iits or top end NIT that is for sure
WHat's wrong with improving education in schools instead? Main issue is that students go to coaching centers because of lacklustre quality of teaching in schools wasting both time and money
Paise aatein hi saarein founders thode se paagal ho jaatein... Abhi toh Physics Wallah ke profit bhi 98 crore se 16 crore ho gaye hai... Thode se business minded hona chahiye... Paise aate hi zaroorat se zyada logon ko hire karna not a good business plan. Sab cheez dheere dheere karna chahiye... Abhi toh engineering colleges bhi bandh ho raha hai... So thoda saabdhaan hona chahiye...
Is Mahesh tutorials alive...?
But unacdemy is really good its like Netflix for education
no one is working on cohesive as of now.
What is that ?
Skill Lync😓 is also scamming student in they name of job and training skills 😢😢Skill Lync is scam please 🙏never ever join skill Lync😢😢
Please analyse financials for a min .
Ed tech bubble finally going to burst
I have never seen any unacademy video on youtube yet.