Unacademy in 'default alive' state, to cut cash burn in 2025: CEO

Unacademy CEO Gaurav Munjal said, "We are in default alive state with ₹1200 crores in the bank." The edtech firm is targeting a significant reduction in cash burn, aiming to bring it down to under ₹200 crore in calendar year 2025, from more than ₹1,000 crore three years ago, he added. "Some of our businesses…generating cash each month," he said.