Unacademy CEO Gaurav Munjal said that Tiger Global-backed edtech startup Classplus is "definitely overvalued" and cited the growth of his group company Graphy, which is a competitor to Classplus. In an internal Slack message seen by Moneycontrol, Munjal said, "Graphy is...doing almost ₹25 crore in monthly Gross Merchandise Value. That's 50% of Classplus which...[has] a valuation of $500 million."