Gaurav Munjal Net Worth 2024 – The Inspiring Journey of Unacademy Founder

Gaurav Munjal, who is the founder of Unacademy, a popular online learning platform.

He turned from a coder into a rich business owner of a multi-billion dollar Edtech unicorn (Unacademy).

His path is truly inspiring. This blog will show Gaurav Munjal net worth and how he made Unacademy a big hit.

We will also look at his journey and the main factors that helped Unacademy grow fast in a short period of time.

So, let’s get into it and find out more about this young and winning business person’s net worth story.

The Meteoric Rise of Gaurav Munjal Net Worth Through the Success of Unacademy

gaurav munjal net worth

Gaurav Munjal net worth is directly linked to the success of Unacademy, the online learning platform he helped to start with his friends and run as a CEO.

Owning a big part of the company, the wealth of Munjal has soared as Unacademy grew.

Gaurav Munjal’s net worth (as per the latest reports) is believed to be around $700 million as of 2023.

The majority of the rise of his huge net worth is mainly due to the raised valuation of Unacademy which was $3.44 billion in 2022 after it raised an additional $440 million in a “Series H funding round led by Temasek”.

Since Unacademy started, the net worth of the Munjal has been increasing rapidly.

By 2019, the company (Unacademy) has reported an ARR (Annual Recurring Revenue) of $30 million.

At that time, the net worth of Munjal was estimated to be worth $50 million.

Now, the founders (Gaurav Munjal, Roman Siani, and Hemesh Singh) own a total of 9.27% of the shares which is worth Rs 2,160Cr.


What are the Key Factors that Contribute to Gaurav Munjal’s Net Worth?

key factors about gaurav munjal

There are several factors that contribute to Gaurav Munjal impressive net worth of $700 million. Some of them are,

  • Valuation and Funding of Unacademy

As Unacademy gets more money from backers (Investors), its value continues to go up. At the same time, wealth of the Munjal also grows because he owns a big part (shares) of the company.

  • Buying and Growing (Acquiring Startups)

Unacademy has acquired other Edtech startup firms like Kreatryx, CodeChef, PrepLadder, and TapChief. This has made the company stronger in the market as well as raising its value even more.

  • Big Deals (Sponsorship)

Unacademy has joined hands with top stars like Virat Kohli and sponsored big events like the Indian Premier League (IPL). This big decision has made more people know about Unacademy and brought in more users.

  • Smart Business Model (Subscription-based model)

Unacademy plan to make users pay for courses like the subscription-based model, plus its focus on top-notch quality content and well-educated teachers, has made it a hit among learners. And, this has led to big sales and profits for the company.

All these key factors mentioned above have pushed Unacademy to rise and as a result, it greatly increased the personal wealth of Gaurav Munjal.


The Early Days of Gaurav Munjal

early life of gaurav munjal

Gaurav Munjal always loved technology and learning new things.

While he was studying computer engineering degree at NMIMS University in Mumbai, he started a YouTube channel named “Unacademy” in 2010.

This channel mainly aimed to share free videos on various topics including computer programming like how to code and other various subjects.

In 2014, he launched his own company called Flatchat.

Flatchat is a real estate platform that helps bachelors, especially students to find flatmates and places to stay.

Yet, Munjal’s big leap into the business world truly started in 2015 when he set up Unacademy with his friends.


The Unacademy Story

gaurav munjal unacademy

As I mentioned above, the Unacademy story begins with Gaurav Munjal and his friends Roman Siani and Hemesh Singh turning their YouTube channel (@unacademy – 1.42M subscribers) into the learning site of Unacademy in 2015.

At first, the platform aimed to give free, interactive content to help students get ready for competitive exams like GATE, NEET, and JEE.

Later, Unacademy unique approach like live talks with recorded videos and quizzes quickly caught on. In just one year, the platform has over a million of users and 5,000 teachers signed up.

In 2019, Unacademy launched a subscription model called Unacademy Plus which was paid on a monthly basis and gave access to a large number of courses and learning materials.

This big decision was a breakthrough for the company because it enabled new sources of income, and attracted a large number of paid subscribers.

As Unacademy became bigger, it attracted the attention of some well-known investors such as SoftBank, Tiger Global, and General Atlantic.

As a result, the startup company Unacademy has been successful in raising several rounds of funding. This has helped the company to grow its products, acquire other Edtech startups, and hire the best educators from all over the country.


The Game-Changer – Unacademy Plus

In 2019, Gaurav Mujal and his team came up with Unacademy Plus (Subscription services), a highly advanced plan. This paid service made it possible for the students to join live classes to take interactive quizzes, and to get individualized mentoring from the leading instructors from all over India.


Funding and Acquisitions of Unacademy

Unacademy’s new approach and fast-growing user base quickly caught the eye of investors. 

Here are some key events in the company’s funding story, 

  • 2017 – Got $4.5 million in Series A funding from Blume Ventures and Nexus Venture Partners. 
  • 2019- Received $87 million from investors like SAIF Partners, Sequoia Capital India, and Steadview Capital. 
  • 2020- Became a unicorn after getting $150 million from SoftBank Vision Fund at a $1.5 billion value. 
  • 2021- Raised $440 million in Series H funding led by Temasek, raising the company’s value to $3.44 billion. 

To make its offerings stronger, Unacademy bought several EdTech startups, including: 

  • WiFiStudy ($10 million in 2018) 
  • Kreatryx (2020) 
  • CodeChef ($8.9 million in 2020) 
  • PrepLadder ($50 million in 2020) 
  • TapChief (2021) Rheo TV (2021)

Expanding Beyond India 

While the core focus of the Unacademy remains the Indian market, the company has set its sights on global expansion. In 2022, it opened its first offline learning center in Kota, Rajasthan, and then added more in Delhi, Mumbai, and Bengaluru.


What Makes Unacademy Different from Others?

So, what made Unacademy so successful? A few key reasons

  • Focus on Good Content

Unacademy has always focused on giving high-quality educational content from top teachers across many fields.

  • New Business Model

The Unacademy Plus subscription plan made learning more accessible and easy for students.

  • Strategic Buys

By acquiring related Edtech startups, Unacademy expanded its products and strengthened its market position.

  • Great Leadership

Gaurav Munjal vision, passion, and smart decisions were crucial to Unacademy growth.


More Than Just Business

Even though Gaurav Munjal glittering career and financial achievements, he stays humble and focused on giving back the society.

In 2021, Unacademy initiated an Employee Stock Ownership Plan (ESOP) buyback with a value of $10.5 million, that was meant to reward employees and educators who contributed to the growth of the company.


FAQs about Gaurav Munjal

Here are some frequently asked questions that you should know about Gaurav Munjal.

Is Gaurav Munjal married?

Of course, he is. Gaurav Munjal married Reema Behl in his birthplace, Jaipur in 2017.

What is the Salary of the CEO of Unacademy?

The total salary of Gaurav Munjal, the CEO of Unacademy in FY22, was INR 1.5 crore. On the other hand, it is important to mention that Unacademy top management has recently announced a wage cut for employees until April 2024.

Where is Unacademy headquartered? 

The head office of Unacademy is in Bengaluru, India. 


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Closing Thoughts about Gaurav Munjal Net Worth

Lastly, I would like to share some opinions about net worth of this Unacademy founder of Gaurav Munjal. 

The net worth of Gaurav Munjal demonstrates his entrepreneurial passion, vision, and his work ethic. 

He started his YouTube channel when he was a college student. 

And now he has built a multi-billion-dollar EdTech company with the help of his 2 friends. 

Hence, his story is an inspiration to the young entrepreneurs and innovators. 

The Net Worth of Gaurav Munjal (Unacademy founder) is guaranteed to soar dramatically as the company disrupts the education sector and provides affordable and accessible learning opportunities for millions of learners.


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Anil Agarwal

Anil Agarwal is the guy behind this blog who also owns BloggersPassion.com and HostingMonks.com. He has also been featured/mentioned on Forbes, ProBlogger, NeilPatel.com, Huffingtonpost.com, and SEMrush. MakeBlogging.com is your one-stop destination to start a money-making blog from scratch.

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