Samay Raina clearly wasn’t going to let Gaurav Munjal’s large Unacademy deal move and not using a joke.After the edtech firm was acquired by upGrad for somewhat over $200 million (round ₹1,680 crore), the comic took a playful swipe at his pal over simply how far the corporate’s valuation has fallen.And Munjal performed alongside.Raina shared an image with the Unacademy co-founder on Instagram and congratulated him in his traditional, relatively savage, model.“Congratulations to my pal Gaurav Munjal for promoting his firm Unacademy for simply $200 million {dollars} when he may have bought it earlier at $3.4 billion {dollars},” Raina wrote.The joke, after all, was about Unacademy’s large valuation in 2021. The corporate had as soon as been valued at $3.44 billion (round ₹28,900 crore) after elevating $440 million from buyers together with Temasek, Normal Atlantic and SoftBank Imaginative and prescient Fund.Quick ahead to 2026, and the corporate has been acquired for simply over $200 million.Munjal did not seem to take the roast too severely.Replying to Raina’s submit on X, he wrote, “Who wants enemies when you’ve got such buddies.” He added a smiling emoji, making it clear he was taking the joke within the spirit it was meant.However behind the Instagram banter is a fairly dramatic enterprise story.Unacademy was as soon as considered one of India’s greatest edtech startups. It turned a unicorn in 2020 and reached its peak valuation the next yr, when buyers valued the corporate at $3.44 billion.The newest deal values it at roughly 94% lower than that peak valuation.Munjal himself acknowledged the sharp fall relatively overtly.In a LinkedIn submit, he identified that Unacademy had turn into a unicorn six years in the past and had now accomplished its acquisition by upGrad for simply over $200 million.“We raised at a peak, however bought at a fraction of that. I am not going to decorate these info up,” Munjal wrote.There was no try to cover how totally different the 2 numbers are. Nonetheless, Munjal mentioned he remained pleased with what the corporate and its workforce managed to construct throughout these years.Unacademy had got down to make on-line training extra accessible and went on to turn into one of the vital recognisable names in India’s edtech growth.Munjal summed up the journey by saying he was pleased with what the workforce achieved “between these two numbers.”And whereas Raina’s submit might have been brutal, Munjal’s response suggests there aren’t any arduous emotions – no less than not between these two buddies.Generally, apparently, the easiest way to cope with a $3.44-billion-to-$200-million fall is to let your comic pal make the joke first.
