Archive · 28 May 2025
Unacademy Founders Exit Amid Strategic Shift, Sumit Jain Named CEO
Unacademy, an education company, is changing its leaders.
The main boss, Gaurav Munjal, is leaving, and Sumit Jain will take over.
This is happening because the company is trying new things, like focusing on language learning with its app AirLearn.
The original founders are also stepping back.
The company had problems with its offline coaching centers.
Unacademy tried to sell itself, but the deal fell through.
Now, they're trying to make AirLearn successful.
The company has also cut costs to save money.
They are also facing competition from other educational platforms.
Unacademy co-founder and CEO Gaurav Munjal is stepping down, Sumit Jain to take over.
The leadership change follows a strategic reset and a shift towards AirLearn.
Founders Roman Saini and Hemesh Singh have also ended operational involvement.
The company's pivot to offline coaching faced challenges, leading to a failed acquisition bid.
Unacademy reported a revenue decline but reduced net losses in FY24.
- Who
- Gaurav Munjal, Roman Saini, Hemesh Singh, Sumit Jain.
- What
- Unacademy leadership transition.
- When
- Recent, June 2024 (Hemesh Singh's Exit)
- Where
- Bengaluru, India.
- Why
- Leadership changes and a shift in business strategy.
Unacademy's Challenges
Unacademy's Strategic Shift
Business Model Focus
Unacademy's Challenges
Offline coaching centers proved difficult post-pandemic, affecting Unacademy's expansion plans.
Unacademy's Strategic Shift
Unacademy is now focusing on its language learning app, AirLearn, which is showing promising growth.
- New CEO
- Sumit Jain
- Former CEO
- Gaurav Munjal
- Company
- Unacademy
- Focus Shift
- AirLearn (language learning app)
- FY24 Operating Revenue
- Rs 840 crore (7% decline)
- FY24 Net Losses
- Rs 631 crore (62% reduction)
- Cash Reserves
- Rs 1,200 crore