ArdorComm Media Group

Edtech & Industry

Unacademy Valuation Drops: Acquisition Talks with Allen Career Institute Ongoing

Unacademy, once valued at $3.4 billion, is reportedly in talks for an acquisition by Allen Career Institute, which could value the edtech firm at $800 million. This potential deal, as reported by the Economic Times, highlights a dramatic shift in the fortunes of the Indian edtech sector. Sources close to the discussions reveal that the acquisition talks have been ongoing for months and are nearing final approval from Allen’s promoters, the Maheshwari family. If successful, this merger would signify a pivotal consolidation in an industry grappling with challenges like a post-pandemic slowdown and the financial troubles of major players like Byju’s. Key Highlights of the Deal Valuation Dynamics: The proposed $800 million valuation includes Unacademy’s $160 million cash reserves, which remain a critical point in determining the enterprise value. Leadership Changes: Unacademy’s co-founders—Gaurav Munjal, Roman Saini, and Sumit Jain—are expected to exit the company post-acquisition. Hemesh Singh, a former co-founder, has already transitioned into an advisory role. Share Swap and Payouts: The share swap ratio and cash payouts for Unacademy’s founders and early investors are yet to be finalized. Motives Behind the Merger Allen Career Institute, a profitable offline coaching giant, sees this acquisition as an opportunity to bolster its digital presence, potentially paving the way for a public listing of the merged entity. On the other hand, Unacademy’s investors are keen on aligning with a stable and profitable venture like Allen. Industry Context The edtech sector has been under stress, with reduced demand for online-only models in the post-COVID era. While Unacademy has controlled its losses, its revenue growth has remained stagnant. Similarly, Allen has faced challenges due to the evolving dynamics of the Kota coaching ecosystem. Bodhi Tree, a significant investor in Allen, is reportedly playing a key role in these discussions. The investment firm, backed by James Murdoch and Uday Shankar, injected $600 million into Allen in 2022 and appears to be driving this strategic merger. This acquisition, if finalized, could reshape the edtech landscape, signaling a shift towards hybrid models that combine offline and online strengths. Source: Times of India Photo Credit: Times of India

13th ArdorComm – ‘New Normal – Education Leadership Summit & Awards 2024’

13th ArdorComm – ‘New Normal – Education Leadership Summit & Awards 2024’ #ELSAAndhraPradesh #ELSAVizag #ELSAVisakhapatnam #ArdorComm #NewNormal Theme : Future-Forward Education: Cultivating Skills and Mindsets in 21st Century Workplace ArdorComm Media Group, a growing media organisation in India, is hosting 13th New Normal- Education Leadership Summit & Awards 2024, in Visakhapatnam, Andhra Pradesh on 15th November 2024 ‘Andhra Pradesh’ is continuously progressing towards being a desired destination of education and skilling initiatives in India. Along with Visakhapatnam (Vizag) there are more beautiful cities like Amaravati, Anantapur, Vizianagaram, Tirupati, Vijayawada, Mangalagiri, Kurnool, Sri City, Guntur, comprising of many prestigious higher education, technical institutions & schools with improved national assessment and accreditation grades. Government is rolling out the long-term objective of grooming the students as global citizens with a bright future. Education Department has launched a series of initiatives as part of reforms, in mission mode like “Mana Badi Nadu-Nedu”, utilisation of IFPs, Smart TVs, Tabs which gave a big-push to digital transformation from the conventional classrooms, Innovative schemes like Jagananna Amma Vodi, Vidya Kanuka and Gorumudda and comprehensive academic, administrative reforms and many skill reforms. Academicians, Educators, Edupreneurs, HRs, Startups, Edtech & Industry leaders will converge to share their insights, experiences, and accomplishments, all in pursuit of sustainable growth for the education community. ArdorComm media will recognise and honour individuals – institutions whose contribution have tirelessly worked towards the betterment of education, shaping a brighter future for learners worldwide. Join us to experience this moment of celebration & knowledge sharing!! Day 0 SESSIONS 0 + SPEAKERS 0 + SCHOOLS 0 + HIGHER EDUCATION 0 + GOVERNMENT DIGNITARIES 0 + CORPORATE 0 + EDTECH STARTUPS 0 + KEY DISCUSSION POINTS Leveraging AI and EdTech: Enhancing Student Engagement and Personalized Learning Future-Forward Education: Cultivating Skills and Mindsets in 21st Century Workplace Building Emotional Resilience: Integrating Social-Emotional Learning into the Curriculum Data-Driven Decision Making: How Analytics Can Transform Educational Strategies and Outcomes Harnessing Digital Tools:Transforming Traditional Classrooms into Dynamic Learning Environments Preparing Students for Future Careers: Aligning Education with Emerging Industry Trends and Skills PARTICIPATION FROM Government Academia Universities Engineering Inst B-Schools K-12 Preschools Startups HRs EdTech OUR SPEAKERS OUR PARTNERS Host PRESENTING PARTNER Gold Partner EdTech Partner Online Learning Partner Display Solution Partner OUR COMMUNITY PARTNERS EDUCATION HEALTH & WELLNESS HUMAN RESOURCE GOVERNANCE MEDIA ENTERTAINMENT & ART PAST PARTNERS ARDORCOMM EDUCATION LEADERSHIP AWARDS 2024 Indian Educators, Academicians, Institutions, EdTech companies & Startups have set an incredible example of excellence in front of the whole world during this unprecedented times, by adapting changes, transforming, re-skilling & re-inventing, ArdorComm Media, a growing media company in India has announced “New Normal- Education Leadership Summit & Awards 2024” to recognize & felicitate the exemplary contributions and innovative initiatives taken by the Preschools, Schools, Higher educational institutions, Corporate and EdTech Startups associated with the education sector. ArdorComm Media would like to honor the Trendsetters, Innovators, Education Leaders, Institutions and Organizations that have been providing excellence and outstanding accomplishment in the education sector. Ardorcomm Education Leadership Awards 2024 aims to acknowledge those individuals, educational institutions, and EdTech companies that have played a key role in transforming the teaching, learning and employability outcomes. The prestigious award will bring recognition and visibility for an institution/ organization across the sector. This summit will bring together the top notch industry leaders and key decision makers from the education sector, to enrich the community by sharing their insights and knowledge with the stakeholders, which will eventually bring a paradigm shift in the education sphere within various parts of the country. Past Glimpses AGENDA Time Topic 9:00 AM – 9:45 AM Panel 1 -: Leveraging AI and EdTech: Enhancing Student Engagement and Personalized Learning 9:45 AM – 10:40 AM Inaugural Session:- Future-Forward Education: Cultivating Skills and Mindsets in 21st Century Workplace 10: 40 AM – 11:00 AM Fireside Chat 11:00 AM – 11:15 AM Networking Tea 11:15 AM – 12:15 PM Panel 2 :- Building Emotional Resilience: Integrating Social-Emotional Learning into the Curriculum 12:15 PM- 12:25 PM Industry Speech 1 12:25 PM – 12:45 PM Industry Speech 2 12:45 PM -1:45 PM Panel 3 :- Data-Driven Decision Making: How Analytics Can Transform Educational Strategies and Outcomes 1:45 PM – 2:20 PM Networking Lunch 2:20 PM – 3:30 PM Panel 4 – HE :- Harnessing Digital Tools: Transforming Traditional Classrooms into Dynamic Learning Environments 3:30 PM – 3:40 PM Industry Speech 3 3:40 PM – 04:30 PM Panel 5 – HE :- Preparing Students for Future Careers:Aligning Education with Emerging Industry Trends and Skills 4:30 PM – 04:45 PM Networking Tea 04:45 PM – 6:00 PM Valedictory Session: Felicitation & Award Ceremony Time Topic 9:30 AM – 11:00 AM Inaugural Session :- INDIA’s Vision 2030: A Move to Improve Education & Skills in 21st Century Workplace 11:00 AM – 11:15 AM Networking Tea 11:15 AM – 12:15 PM Panel 1 :- Disruptive Technologies Transforming Education in the 21st Century 12:15 PM – 12:25 PM Industry Speech 1 12:25 PM- 12:35 PM Industry Speech 2 12:35 PM – 1:35 PM Panel 2 :- Need of an Effective Early Childhood (ECE) Curriculum for a Sustainable Development Goal. 1:35 PM – 2:15 PM Networking Lunch 2:15 PM – 3:15 PM Panel 3 :- STEM-based learning and skill-based education, most progressive education trends 3:15 PM – 3:25 PM Industry Speech 3 3:25 PM – 3:35 PM Industry Speech 4 3:35 PM – 4:25 PM Panel 4 :- How NEP 2020 Policy Aims to make Education More Inclusive, Equitable, and Holistic? 4:25 PM – 4:40 PM Networking Tea 4:40 PM – 4:50 PM Industry Speech 5 4:50 PM – 6:00 PM Valedictory, Felicitation & Award Ceremony Venue Fairfield by Marriott Visakhapatnam, Andhra Pradesh Ksr Prime R&B Junction, Andhra Pradesh, 530018  Testimonials “Platforms like the New Normal Education Leadership Summit and Awards in New Delhi by ArdorComm Media are the right platforms where we can connect and curate education for today’s modern children. At the end of the day, everyone wants to see value education in our country, Bharat, which will curate the …

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