General Atlantic India COO Alok Misra retires
Misra joined General Atlantic in 2013 and was working with Sandeep Naik as the global investor pumped in funds in BYJU’s through multiple rounds.
Alok Misra, the COO of India and Operating Partner at private equity firm General Atlantic, is stepping down from his role.
Misra was reporting to Sandeep Naik, Managing Director, Head of India and Asia Pacific at General Atlantic. Prior to his tenure at General Atlantic, Misra was at WNS Global Services as its finance chief.
“I am retiring after almost 11 incredible years at General Atlantic.” Misra said in a LinkedIn post.
The move comes at a time when General Atlantic is trying to navigate its investment in BYJU's after NCLT admitted the edtech firm under insolvency process following BCCI’s plea.
BYJU's, which was one of the highest-valued edtech firms in the country, is now trying to stay afloat as it manages legal battles, cash crunch, and operational troubles.
According to Tracxn, General Atlantic holds 4.8% stake in BYJU's and has invested more than $300 million in the company, which has turned out to be a costly bet for General Atlantic.
Its other edtech investment, Unacademy, recently went through a restructuring process as it tries to shy away from BYJU’s fate and pad up its bottomline. YourStory had reported that the company carried out another round of job cuts, impacting at least 250 people across multiple verticals.
General Atlantic entered Unacademy in February 2020 after the company raised $110M from new investors Facebook and General Atlantic, along with Sequoia India, Nexus Venture Partners, Steadview Capital, and Blume Ventures.
Just a few weeks ago, Anand Agarwal was appointed as the Operating Partner at General Atlantic. He was previously the finance chief of Amazon’s consumer business in India.
Edited by Megha Reddy