On Wednesday, Edtech unicorn Unacademy announced its foray into offline learning with future “Unacademy Centers” that will offer classes to students of NEET-UG, IT JEE and Foundation (9-12). The startup said its offline learning centers will help both students and faculty in these categories of courses. The first Unacademy center will start operating in Kota next month, and then similar contact points will be in Jaipur, Bangalore, Chandigarh, Ahmedabad, Patna, Pune and Delhi.
The startup also plans to conduct a national scholarship test for enrollment in a group where ranchers will receive scholarships. A statement from the startup edtech said that autonomous groups will include students with access to the best teachers, pedagogy and teaching materials in the home. In addition, offline learning centers will also provide personal mentoring and resolving doubts, as well as regular classes with parents and teachers supported by high-tech infrastructure.
At all Unacademy centers the brand aims to enroll up to 15,000 students in the first group. “Our points of experience – Unacademy World caused a huge reaction from students, many of whom also expressed the need for personal training with the best teachers. With the Unacademy Center, we offer the best of Unacademy – India’s best teachers, best-in-class technology and products, and the latest infrastructure for our students, ”said Gaurov Munjal, co-founder and CEO of Unacademy Group, the statement said. Its first center in Kota is an area of 18,000 square feet, located on four floors.
In addition to an organized schedule of offline classes from leading faculty, students will have access to on-site consultants, a state-of-the-art library and brand goods at all of these centers. Founded in 2015 by Gavrov Mundjal, Hemesh Singh and Roman Saini, Unacademy originally started as a YouTube channel that was created by Mundjal in 2010. What began as a side project for Mundjal has evolved into an old campaign after its educational content received high ratings. It is currently one of India’s largest edtech startups with a valuation of $ 3.4 billion in the last round of funding in August 2021.
Currently, Unacademy has a growing network of more than 91,000 registered faculty and more than 92 million students. In the past Unacademy has acquired companies such as Graphy, Relevel, PrepLadder TapChief, CodeChef and many other edtech brands over the years. Recently, however, consumer internet startups have been struggling to raise funds for a higher rating as investors have become wary after the collapse of stocks of technologies such as Zomato and Paytm in public markets.
In the edtech segment, startups, including Vedantu, Lido Learning and Unacademy itself, have laid off thousands of employees collectively to keep costs under control. As schools and colleges began reopening autonomous classes starting this year, edtech startups in the country began turning to offline classes in search of new earnings. However, after the Covid blockades in 2020 and 2021, which previously prompted investors to draw millions into the edtech industry in India, there has been a significant increase in demand for live and online activities.
Unacademy Byju’s biggest competitor also previously announced a raid on offline training centers in February this year with a planned investment of up to $ 200 million. Earlier, Byju’s launched 80 offline centers as part of a pilot program, and this year alone plans to open at least 500 new centers in 200 cities.