Unacademy’s Airlearn hits 70,000 daily users, $2 million bookings run rate, ET Education
SoftBank-backed edtech startup Unacademy which had rolled out a new app Airlearn aimed at helping users learn foreign languages, now has over 70,000 daily users, with monthly active users nearing 300,000, said chief executive Gaurav Munjal.
Majority of the Airlearn users are from the US, UK and Germany, he said. Users have completed 20 million lessons on Airlearn over the past year.
“(We have) 17,500 paid subscribers and a $2 million bookings run rate,” Munjal said in a post on X, noting that the platform began focusing on monetisation six months back.
According to Munjal, the app currently offers 13 courses, with English to Spanish, English to French, and English to Korean being the most popular.
The app competes with language learning app Duolingo.
“Many have left year long streaks on Duolingo for Airlearn. Duolingo is over gamified and pushes their paid plan so much that I wonder if it’s a streak app or a learning app,” said Munjal.
Unacademy saw its operating revenue decline by 7% to Rs 840 crore from Rs 907 crore, while its net loss narrowed from Rs Rs 1,678 crore to Rs 631 crore in FY24.
The Bengaluru-based company started as a YouTube channel by Gaurav Munjal, Hemesh Singh and Roman Saini, became an edtech platform in 2015. In the test prep segment, it competes with the likes of Byju’s-owned Aakash Institute, Bodhi Tree-backed Allen Career Institute and WestBridge Capital-backed PhysicsWallah.
It has raised $880 million since inception from the likes of Peak XV Partners, Tiger Global and General Atlantic
On December 4, ET reported that Unacademy is in talks with offline test preparation centre Allen Career Institute for a potential sale that could value the edtech firm at $800 million, a significant drop from its peak valuation of $3.4 billion.
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