Unacademy co-founder Gaurav Munjal is moving from CEO to Executive Chairman. Akhilendra Kumar has been named the new CEO. Munjal shared the leadership change on social media. He will stay involved in daily operations and help with the upcoming upGrad IPO. He said, "I'm not going anywhere. I'll stay fully involved in operations every day, work alongside Akhilendra and help with the upGrad IPO."
Key Details
Kumar joined Unacademy in January 2022 as Chief Business Officer. He thanked Munjal for his trust and recognized the contributions of Unacademy’s employees and educators. Kumar said, "Everything Unacademy has built is because of our Employees and Educators, who show up for learners every day." He plans to focus on delivering results for learners and ensuring a sustainable business model.
Background
This leadership change comes after upGrad's recent acquisition of Unacademy for over $200 million. Munjal will focus on profitable growth and the IPO process for upGrad while continuing to guide Unacademy.
This leadership change may affect investor sentiment towards Unacademy and upGrad. Investors will be particularly interested as the companies aim for profitable growth and the IPO. They will look for updates on the integration process and performance metrics in the coming months.
Based on reporting by: livemint.com, moneycontrol.com