India Digest: Unacademy buys Coursavy; Swiggy shuts home food service

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Edtech company Unacademy on Thursday said it has acquired Coursavy, a platform for UPSC test preparation. In another development, Swiggy has shut down its subscription-based daily home-cooked food delivery service.

Unacademy acquires Coursavy

Bengaluru-based edtech platform Unacademy on Thursday said it has acquired Coursavy, a platform for UPSC test preparation. The financial terms of the deal were not disclosed.

In a statement Unacademy said that the acquisition will strengthen its leadership position in the UPSC CSE prep market.

Founded in January 2019 by Vimal Singh Rathore, Coursavy has developed a scalable learning platform and process which claims to solve the challenge of lack of discipline in learning. Coursavy educators, including Vimal, will now teach on Unacademy and will also mentor existing educators on enhancing discipline amongst aspirants.

Earlier this year, Unacademy had also acquired Kreatryx, and PrepLadder, besides investing in Mastree, and taking over the custodianship of CodeChef. The platform currently has over 20,000 educators, 30 million+ learners, and caters to over 35 learning goals.

Swiggy shuts home-cooked food service

Swiggy has shut down its subscription-based, daily home-cooked food delivery service “Swiggy Daily”, Entrackr reported.

The service was launched in June last year, which gave consumers access to a variety of simple homestyle meals prepared by home chefs, tiffin service providers and organised vendors.

“Swiggy Daily had ceased operations a couple of months ago in the wake of weak demand. The app never got decent traction and its demand further plummeted because of the closure of offices and educational institutions,” the report said citing sources.

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.