Unacademy’s FY24 losses narrow 62%, revenue declines 7% as business shrinks

The SoftBank-backed edtech startup, which has undergone multiple restructuring exercises, logged operating revenue of Rs 840 crore, down 7% from Rs 907 crore in the previous year. It slashed expenses by about 40% to Rs 1,627 crore from Rs 2,734 crore YoY.