After A Decade-Long Stint, Gaurav Munjal To Step Down As Unacademy CEO
Barely two months after rival upGrad acquired Unacademy, cofounder Gaurav Munjal is now stepping down as the chief executive officer…
Two months following upGrad's acquisition of Unacademy, founder Gaurav Munjal announced his departure as the chief executive officer (CEO) of the test preparation company. In a LinkedIn post, Munjal revealed his intention to assume the position of executive chairman at Unacademy. He emphasized that he would remain actively engaged in the startup's daily activities and assist upGrad in preparing for its initial public offering (IPO).
Additionally, Unacademy's chief business officer (CBO) Akhilendra Kumar would assume the role of CEO. Munjal stated, "I'm moving from CEO to executive chairman of Unacademy, and Akhilendra Kumar will take over as CEO. To be clear, I'm not going anywhere. I’ll stay fully involved in operations every day, work alongside Akhilendra and help with the upGrad IPO.
Akhilendra is one of the sharpest operators I know, and I’m proud to have him lead us into this next chapter…,” Munjal concluded. This restructuring occurred just two months after upGrad's acquisition of Unacademy for over $200 million in September.
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