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Abha Maheshwari resigns as Allen Digital CEO after two years

EntrackrEntrackr · 2d ago
Abha Maheshwari resigns as Allen Digital CEO after two years
Medial

Abha Maheshwari, a former Meta executive who took charge of Allen’s digital business in 2022, has stepped down as CEO after two years in the role. She announced that she will be taking a short break before moving on to her next opportunity. "When I first joined, we were a small team of 15 to 20 working out of a WeWork, scrappy, ambitious, and committed to building something meaningful. Two years later, I leave behind a buzzing office filled with passionate people, bold ideas, and the same deep sense of purpose, now backed by a much larger and stronger team,” she wrote in a social media post announcing her exit. In April 2022, Allen Career Institute set up a wholly owned subsidiary, Allen Digital, with the aim of taking on India’s multi-billion-dollar edtech giants. The move came barely a month after Allen raised $600 million (about Rs 4,500 crore) from Bodhi Tree Systems, the investment vehicle of James Murdoch and former Disney Asia-Pacific chairman Uday Shankar. During her tenure, Allen Digital acquired AI-powered doubt-solving platform Doubtnut in a slump sale reportedly valued around $10 million. In December 2024, Allen was also reportedly in early-stage talks to acquire Unacademy at a discounted valuation of around $800 million. However, Unacademy co-founder and CEO Gaurav Munjal publicly denied the claim. "Together, we built a digital-first EdTech business anchored in learning outcomes. We launched transformative technology, scaled rapidly, and most importantly, made a real difference in the lives of students. From AI-powered learning to seamless offline–online integration, every step was guided by our vision to make education more accessible, deliver real learning outcomes, and truly empower students," Maheshwari wrote. For FY24, the company’s revenue grew 42% year-on-year to Rs 3,244.7 crore, driven by strong offline enrolments and an expanding digital footprint. However, its profit fell 44% to Rs 136 crore during the same period.

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Shraeyansh Thakur resigns from Peak XV after a decade

EntrackrEntrackr · 5m ago
Shraeyansh Thakur resigns from Peak XV after a decade
Medial

Shraeyansh Thakur resigns from Peak XV after a decade During his tenure at Peak XV, he was board member and observer for startups like Atlys, Meesho, Cars24, ApnaMart, Unacademy, Zetwerk, Urban Piper, Bijnis, among others. Shraeyansh Thakur, an investor at Peak XV Partners, has resigned after nearly 10 years at the venture capital firm, sources told Entrackr. This marks the fifth high-profile exit from Peak XV in the past year. “Shraeyansh Thakur has decided to quit the firm and is likely to launch his own venture soon,” said one of the sources requesting anonymity. Queries sent to Peak XV and Thakur did not elicit any response until publication of the story. "After an incredible 9+ years at Peak XV / Sequoia India, I have decided to embark on a new entrepreneurial journey. The next 10 years are going to be India’s golden digital decade and our founders now have true belief to create the world’s best companies from India," said Thakur in a Linkedin post. Last month, Peak XV’s managing partners, Shailesh Lakhani and Abheek Anand, stepped down after serving for more than a decade. Prior to that, Anandamoy Roychowdhary, a partner at Peak XV's Surge, departed after over 11 years at the firm, while Piyush Gupta, then Managing Director, left after seven years to launch his secondary-focused fund, Kenro Capital. Meanwhile, Rishen Kapoor, co-founder and CEO of SaaS startup Toplyne, has returned to Peak XV Partners after his three-and-a-half-year-old venture shut down. In October last year, Peak XV reduced its $2.85 billion fund by 16% as part of a strategic shift towards investing in a more measured manner amid elevated valuations in the Indian market. This development came a year after Sequoia Capital rebranded as Peak XV.

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