Unacademy founders take a pay cut, pledge an IPO in two years

Unacademy, one of India’s high-profile startups, is undertaking several cost-cutting measures including salary reduction for founders and shutting down “certain businesses” as it pledges to become frugal and a public company in two years.
In a company-wide Slack post on Monday, Unacademy co-founder and chief executive Gaurav Munjal said the startup had $352.33 million in the bank, but he feels the startup is in a “bad state,” and “not efficient” with handling finances.
“We are well capitalised but still we want our businesses to be profitable,

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