Outlook Business Desk
In a major leadership change, Gaurav Munjal has stepped down as CEO of Unacademy. As a co-founder, he played a key role in shaping India's edtech space and turning Unacademy into a leading online learning platform. His exit signals a big shift in the company’s future direction.
Following Munjal’s exit, co-founder Sumit Jain has been appointed as the new CEO of Unacademy, signaling a new phase in the company’s journey.
Munjal and his fellow co-founder Roman Saini are now dedicating their efforts to AirLearn, Unacademy’s new language learning platform, aiming to tap into the growing demand for language education.
Despite the recent leadership changes, Unacademy maintains robust financial health with ₹1,800 crore in cash reserves, offering a runway of over four years.
Last month, Munjal announced, Around 70% of Unacademy’s offline centres are expected to become profitable by 2025, showing strong performance in its hybrid learning model.
Unacademy has cut its core business spending from Rs 1,000 crore to about Rs 200 crore. That’s nearly a 50% drop year-on-year, aimed at becoming more efficient.
Amidst speculation, Gaurav Munjal has clarified that Unacademy is not pursuing any sale or merger, emphasizing the company’s commitment to long-term growth.
After years of chasing growth, Unacademy is now streamlining operations—cutting costs, skipping big acquisitions, and prioritising profits to build a more stable, long-term business in edtech.