🧔♂️ A friendly human may check it before it goes live. More news here
Indian edtech firm Unacademy co-founder steps down as CEO
Unacademy co-founder Gaurav Munjal is stepping down as CEO to become executive chairman.
Chief business officer Akhilendra Kumar will succeed him, about two months after upGrad acquired the Indian edtech company.
Munjal said on LinkedIn that he will remain involved in daily operations and help with upGrad’s planned initial public offering.
Kumar previously held several business roles at Unacademy, and earlier worked in operations and supply-network roles at OYO.
UpGrad completed the all-stock deal in September after approval from the Competition Commission of India in July.
The transaction valued Unacademy at about 19.6 billion rupees (US$208 million), or just over US$200 million.
That was roughly 94% below its 2021 peak.
Unacademy also runs offline centers, showing that the business Kumar will inherit extends beyond online learning.
The move comes as India’s edtech sector faces weaker online demand, a funding slump, and greater scrutiny of advertising claims, including the Advertising Standards Council of India’s advertising guidelines for educational platforms.
🔗 Source: YourStory
