Unacademy to exit company-owned offline centres, convert to franchise model by April

SoftBank-backed edtech firm Unacademy will shut down all its company-operated offline coaching centres and convert them into franchise partnerships by April, co-founder and chief executive Gaurav Munjal told employees in an internal communication, on Wednesday, reviewed by Financial Express.

The move marks a complete exit from the asset-heavy offline model, as the firm doubles down on its core online test preparation and language learning businesses.