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News on Medial
Unacademy elevates Sumit Jain to cofounder status
Economic Times
·
1y ago
Medial
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.
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Unacademy to add Sumit Jain to board, replacing co-founder
YourStory
·
1y ago
Medial
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
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Exclusive: Unacademy COO Jagnoor Singh Quits, Gaurav Munjal & Sumit Jain To Take Charge
Inc42
·
1y ago
Medial
Jagnoor Singh, the COO of offline centres at Unacademy, is currently serving his notice period and will be in transition for the next six months. The startup does not plan to hire a replacement for Singh, as cofounders Gaurav Munjal and Sumit Jain will oversee the offline business. Unacademy recently laid off 250 employees as part of a restructuring effort.
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Exclusive: Unacademy founders Munjal, Saini set to exit, shift focus to AirLearn
Economic Times
·
1m ago
Medial
Unacademy cofounders Gaurav Munjal and Roman Saini are stepping down from active roles amid strategic shifts at the edtech company. Munjal will focus on AirLearn, a language-learning app spinout, as Unacademy pivots from online test prep to offline coaching centers. Sumit Jain takes over as CEO. The company, facing a challenging post-pandemic edtech landscape, sees declining revenues and restructuring. Unacademy raised $880 million in funding, with major stakeholders including SoftBank and General Atlantic.
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Is it a coincidence: Unacademy's Jain on several students from same centre topping NEET
Inshorts
·
1y ago
Medial
Unacademy Co-founder Sumit Jain raised concerns over the alleged irregularities in NEET UG 2024 results and said, "[It] raises questions about the integrity of the examination process." He questioned whether several students from same exam centre securing Rank 1 was a coincidence. "20+ lakh learners who gave NEET deserve fairness and transparency," Jain said, calling for a thorough investigation.
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Unacademy COO Vivek Sinha Resigns After Three-Year Stint
Inc42
·
1y ago
Medial
Vivek Sinha, the Chief Operating Officer (COO) of edtech unicorn Unacademy, has resigned from his position. Sinha announced his departure via an X post, expressing gratitude for his time at Unacademy. He did not specify his next move. Sinha, an alumnus of NIT Jamshedpur and ISB, joined Unacademy in August 2020 and managed various verticals. His departure follows Unacademy's recent hiring of Anurag Tiwari from Aakash Educational Institute to lead its offline vertical and the elevation of Graphy CEO Sumit Jain to a partner role. Unacademy has implemented cost-cutting measures and achieved a cash flow positive month in June 2023.
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Unacademy Cofounders Gaurav Munjal, Roman Saini Set to Exit Amid Offline Pivot
OutlookIndia
·
1m ago
Medial
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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Jagnoor Singh steps down as COO of Unacademy: Report
YourStory
·
1y ago
Medial
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.
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Unacademy CEO Gaurav Munjal steps down; Sumit Jain takes charge
Internet
·
1m ago
Medial
Unacademy cofounders Gaurav Munjal and Roman Saini are stepping down, with Sumit Jain taking over as CEO. This change comes amid Unacademy's strategic shift from online to offline coaching. Munjal is focusing on AirLearn, a language learning app, potentially positioning it as a standalone entity. Despite financial challenges and a halted acquisition deal, Unacademy's restructuring efforts have reduced losses. AirLearn is growing rapidly, with significant user engagement and revenue potential.
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Unacademy Elevates Abhishek Pipara To CFO Of Its Offline Centres Business
Inc42
·
10m ago
Medial
Unacademy has promoted Abhishek Pipara as the Chief Financial Officer (CFO) for Unacademy Centres. In his new role, Pipara will focus on improving efficiency, unit economics, and profitability at the centre level. He joined Unacademy in 2018 and has gathered more than 6 and a half years of experience in the edtech company.
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Unacademy elevates Arooshi Singh as Head of HR
Entrackr
·
9m ago
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. “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%.
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