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Unacademy co-founder and CTO Hemesh Singh steps down, to take up advisory role

Money Control

Money Control · 1y ago

Unacademy co-founder and CTO Hemesh Singh steps down, to take up advisory role

Hemesh Singh, co-founder and Chief Technology Officer of Unacademy, a prominent edtech company, has decided to transition from an executive role to an advisory role. Singh expressed his gratitude for the opportunity to contribute to Unacademy's growth over the past decade, alongside co-founders Gaurav Munjal and Roman Saini. Munjal also acknowledged their long-standing collaboration and appreciated Singh's contributions. Unacademy, founded in 2015, has made a significant impact on the test preparation industry.

Related News

Jagnoor Singh steps down as COO of Unacademy: Report

YourStory

YourStory · 1y ago

Jagnoor Singh steps down as COO of Unacademy: Report

Unacademy's Chief Operating Officer (COO), Jagnoor Singh, has resigned from his role. Co-Founder Gaurav Munjal and Sumit Jain, recently promoted to a partner position, will take over the offline business operations directly. Singh will serve his notice period and undergo a transition phase. Unacademy does not plan to hire a replacement for Singh. Last month, Hemesh Singh, co-founder and CTO, also stepped down from his position. Unacademy recently conducted a round of job cuts, laying off 250 employees as part of a restructuring effort.

Unacademy cofounder and CTO Hemesh Singh quits

Economic Times

Economic Times · 1y ago

Unacademy cofounder and CTO Hemesh Singh quits

Hemesh Singh, co-founder of edtech platform Unacademy, has announced his decision to step down as Chief Technology Officer and transition to an advisory role. Singh, who helped build the platform alongside Gaurav Munjal and Roman Saini, expressed gratitude for the journey and the positive impact they made on the test prep industry. Unacademy, which began as a YouTube channel and became an influential edtech unicorn, recently changed its goals for Munjal and Singh to access additional voting rights ahead of a potential IPO. The company raised $440 million in a funding round last year, valuing it at $3.4 billion.

Unacademy elevates Arooshi Singh as Head of HR

Entrackr

Entrackr · 10m ago

Unacademy elevates Arooshi Singh as Head of HR

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. “I’m thrilled to share that Arooshi Singh, who has been with us for over seven incredible years, is being promoted to Head of HR,” 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 company’s revenue remained flat for the said fiscal year with Rs 988 crore, it managed to reduce its losses by a whopping 62%.

Unacademy elevates Sumit Jain to cofounder status

Economic Times

Economic Times · 2y ago

Unacademy elevates Sumit Jain to cofounder status

Edtech unicorn Unacademy has promoted Sumit Jain, head of the Graphy division, to the position of partner, akin to a co-founder who joined later. CEO Gaurav Munjal praised Jain's instrumental role in scaling Graphy and likened him to a co-founder. Jain had previously co-founded CommonFloor, later acquired by Quikr, and played a key role in Graphy's growth. Unacademy, founded in 2015, continues to expand its educational offerings.

Unacademy to add Sumit Jain to board, replacing co-founder

YourStory

YourStory · 1y ago

Unacademy to add Sumit Jain to board, replacing co-founder

Unacademy has promoted Sumit Jain, Co-founder and CEO of Graphy, to a partner role, which is considered equivalent to a co-founder. Jain, who joined Unacademy over three years ago, has significantly contributed to scaling Graphy, a platform for creator growth and monetization. Previously, he founded CommonFloor, later acquired by Quikr. His new role highlights his critical contributions to Unacademy's success and future growth

Unacademy Co-Founder Gaurav Munjal to Own Larger Share in AI App Airlearn Post Spin-Off

OutlookIndia

OutlookIndia · 2m ago

Unacademy Co-Founder Gaurav Munjal to Own Larger Share in AI App Airlearn Post Spin-Off

Unacademy's co-founders, Gaurav Munjal and Roman Saini, are spinning off their AI-powered language app, Airlearn, from the main company. Munjal might hold a larger stake in Airlearn than in Unacademy, with the new entity expected to replicate its parent company's shareholding, involving investors like Peak XV, Nexus, SoftBank, and General Atlantic. Munjal and Saini will manage Airlearn full-time, marking a significant pivot, as Unacademy undergoes a leadership change, and Munjal steps down as CEO.

Nithin Kamath, Kunal Bahl among 31 nominated to startup council

Inshorts · 1y ago

Nithin Kamath, Kunal Bahl among 31 nominated to startup council

The government has nominated 31 non-official members to the National Startup Advisory Council (NSAC). The list includes Zerodha CEO Nithin Kamath, Snapdeal Co-Founder Kunal Bahl, Urban Company Co-Founder Abhiraj Singh Bhal and others. Notably, Ola Cabs CEO Bhavish Aggarwal and BYJU'S CEO Byju Raveendran have been removed from the list following completion of term of two years.

Sridhar Vembu steps down as CEO of Zoho Corp

Entrackr

Entrackr · 7m ago

Sridhar Vembu steps down as CEO of Zoho Corp

Sridhar Vembu steps down as CEO of Zoho Corp Shailesh Kumar Davey, co-founder of Zoho, will take over as the new Group CEO, while another co-founder, Tony Thomas, will lead Zoho US. Sridhar Vembu, the founder and CEO of Zoho Corp, has transitioned from his active role to take on a new position as Chief Scientist, where he will focus on driving deep R&D initiatives. “In view of the various challenges and opportunities facing us, including recent major developments in AI, it has been decided that it is best that I should focus full time on R&D initiatives, along with pursuing my personal rural development mission,” said Vembu. Shailesh Kumar Davey, co-founder of Zoho, will take over as the new Group CEO, while another co-founder, Tony Thomas, will lead Zoho US. Rajesh Ganesan will head the ManageEngine division, and Mani Vembu will oversee the Zoho.com division. “The future of our company entirely depends on how well we navigate the R&D challenge, and I am looking forward to my new assignment with energy and vigor. I am also very happy to get back to hands-on technical work,” added Vembu. Zoho is one of India’s largest profit-generating SaaS companies, reporting a profit of Rs 2,836 crore in FY23, with revenue growing 29.7% to Rs 8,703.6 crore during the fiscal year. The company has yet to file its annual report for FY24.

Dineout Co-founder Vivek Kapoor quits to join AyushPay as CBO

YourStory

YourStory · 2y ago

Dineout Co-founder Vivek Kapoor quits to join AyushPay as CBO

Vivek Kapoor, the Co-founder of Dineout, has revealed his departure from the company to take on the role of Co-founder and Chief Business Officer at AyushPay, a healthcare startup. Kapoor mentioned in a LinkedIn post that he had been an angel investor in AyushPay for a few years and had been providing guidance to the team. Now, he feels it is the right time for him to take a more active role in the company.

Unacademy Cofounders Gaurav Munjal, Roman Saini Set to Exit Amid Offline Pivot

OutlookIndia

OutlookIndia · 3m ago

Unacademy Cofounders Gaurav Munjal, Roman Saini Set to Exit Amid Offline Pivot

Unacademy founders Gaurav Munjal and Roman Saini are stepping down amid significant leadership changes as the company pivots to offline education. Board member Sumit Jain will assume the CEO role. These shifts followed internal changes, an unsuccessful acquisition, and heightened focus on language app AirLearn. Munjal and Saini, who co-founded Unacademy a decade ago as a YouTube channel, will retain their shares and cease day-to-day operations as the company aims for profitability in offline centers by 2025.

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