Unacademy, a prominent edtech unicorn, rejected a tempting $500 million debt
offer and various merger and acquisition opportunities, according to its co-founder and CEO, Gaurav Munjal. Munjal, who shared his insights on the company's journey over the past two years, revealed that the decisions faced criticism initially but have proven to be the right ones in hindsight. He discussed the intricacies of effective business leadership, emphasizing the challenging shift from prioritizing growth to achieving profitability. Munjal pointed out the difficulties in navigating this transition, noting that leaders accustomed to the freedom of the growth stage may not always successfully adapt to the constraints of the profitability phase.
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