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Unacademy Appoints former CRED finance head Pratik Dalal as CFO for offline vertical

Inc42Inc42 ยท 1y ago
Unacademy Appoints former CRED finance head Pratik Dalal as CFO for offline vertical
Medial

Bengaluru-based edtech unicorn, Unacademy, has appointed Pratik Dalal as the CFO of its offline business, Unacademy Centres. Dalal, who previously served as the head of finance at fintech unicorn CRED, brings diverse experience in corporate banking, fintech, and consumer internet. This announcement follows the resignation of Unacademy's previous CFO, Subramanian Ramachandran, three months ago. Unacademy has witnessed several executive departures in the past two years. Despite this, the startup has managed to reduce its cash burn and achieve growth in its offline business. Founded in 2015, Unacademy boasts a vast network of educators and learners and has raised over $800 million in funding.

Unacademy elevates Arooshi Singh as Head of HR

EntrackrEntrackr ยท 9m ago
Unacademy elevates Arooshi Singh as Head of HR
Medial

Edtech company Unacademy is undergoing several high-level appointments. In the latest development, Arooshi Singh has been promoted from Director of People Experience and Culture to Chief People Officer at the Bengaluru-based firm. โ€œIโ€™m thrilled to share that Arooshi Singh, who has been with us for over seven incredible years, is being promoted to Head of HR,โ€ said Gaurav Munjal, CEO and co-founder of Unacademy, in a Slack message to employees on Monday, as reviewed by Entrackr. Singh will replace Sandhydeep Purri, who was appointed as Chief People Officer of the SoftBank-backed company in November 2023. Arooshi led multiple functions across HR functions at Unacademy. She joined the company as a junior staff member for employee wellness. This marks the third promotion announced by the Munjal-led company in 2024. In January, Jagnoor Singh was elevated to Chief Operating Officer (COO) for Unacademy Centres, and last month, Abhishek Pipara was promoted to Chief Financial Officer (CFO) for the offline business. In the past year, Unacademy has also seen several senior leadership exits, including a co-founder. In August 2023, Chief Operating Officer Vivek Sinha resigned, followed by Group CFO Subramanian Ramachandran in October, and co-founder and CTO Hemesh Singh in June. Last month, Unacademy also disclosed its financial numbers for the fiscal year ending March 2024. While the companyโ€™s revenue remained flat for the said fiscal year with Rs 988 crore, it managed to reduce its losses by a whopping 62%.

Former Unacademy COO Vivek Sinha raises $11 Mn for his new startup

EntrackrEntrackr ยท 1y ago
Former Unacademy COO Vivek Sinha raises $11 Mn for his new startup
Medial

Vivek Sinha, the former Chief Operating Officer (COO) of Unacademy, has launched his new venture called Beyond Odds Technologies, with an initial investment of $11 million. The seed funding round was led by Matrix Partners India and Lightspeed. InnoVen Capital, a subsidiary of Temasek, and Alteria Capital also joined the round among other angel investors namely Ritesh Agarwal (Founder of OYO), Gaurav Munjal (Founder of Unacademy), Mayank Kumar (Founder of Upgrad), Ramakant Sharma (Founder of Livspace), Abhishek Goyal (Founder of Tracxn), Rohit MA (Founder of CloudNine Hospitals), Sumer Juneja (Managing Partner at SoftBank), Puneet Kumar (Managing Director at Steadview Capital), and Abhinav Sinha (COO of OYO). The Bengaluru-based startup focuses on employability-led training, certification, and recruitment services for the grey-collar workforce segment. It connects employers with talent among students. The company is launching Emversity, a higher education brand, with its first center in Bengaluru on April 20, followed by six more centers in cities like Hyderabad, Delhi, Nagpur, Kochi, and Ranchi by June. These centers will offer bachelorโ€™s degree programs, including nursing, and certification courses in partnership with universities, the company said in a statement. As per the company, Emversityโ€™s first cohort will include programs tailored to meet skill requirements in healthcare, with tie-ups with institutions like Fortis Hospitals and Core Diagnostics for job placements and internships. Vivek Sinha announced his departure from Unacademy in August 2023 after serving for three years. Previously, Sinha was a business head at Oyo between April 2018 to September 2020. His resignation was part of a series of notable exits from Unacademy, including chief marketing officer Karan Shroff, chief of staff Abhyudayay Rana, and chief financial officer Subramanian Ramachandran. Shroff also launched his new startup LightFury Games which recently raised $8.5 million in its Seed round led by Blume Ventures.

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