Jagnoor Singh steps down as COO of Unacademy: Report
Prior to joining the Peak XV-backed edtech firm, Singh has held positions at firms including Airtel and Oyo.
Edtech unicorn 's Chief Operating Officer (COO) Jagnoor Singh has stepped down from his role. Co-Founder Gaurav Munjal, along with recently promoted partner Sumit Jain, will directly manage offline business operations.
Inc42 first reported the development.
Singh will serve his notice period and undergo a six-month transition phase, Inc42 reported citing sources familiar with the matter. The report further mentioned that Unacademy does not plan to hire a replacement for Singh.
Prior to joining the Peak XV-backed firm, Singh has held positions at firms including and .
YourStory has reached out to Unacademy with queries.
Last month, Hemesh Singh, co-founder of Unacademy, resigned from his position as the edtech firm's Chief Technology Officer (CTO) to transition into an advisory role.
“After almost a decade of building Unacademywith Gaurav Munjal and Roman Saini, I have decided to move from an executive role to an advisory role,” he wrote on X.
Jain succeeded Hemesh Singh as a co-founder and currently serves on the startup’s board. Formerly the CEO of Graphy, a SaaS platform for creators and educators, Jain was promoted to a partner role in August last year, a position equivalent to that of a late-stage co-founder.
Last December, Munjal claimed that the firm had slashed its cash burn by 60%, extending its financial runway to over four years. Unacademy cut losses and boosted operating revenue in FY 2022-23 compared to the prior year, driven by reduced expenses.
Unacademy was founded in 2015 by Munjal, Hemesh Singh and Roman Saini. It claims to have a network of over 91,000 registered educators and serves more than 99 million learners, providing education in over 14 Indian languages across 10,000 cities.
Earlier this month, the startup carried out a second round of job cuts, laying off 250 employees as part of a restructuring effort. This involved terminating 150 employees from the sales department for failing to meet sales targets, while the remaining 100 were from other verticals.
“As part of our ongoing efforts to streamline operations and enhance business efficiency, we have recently undergone a restructuring exercise. This was necessary keeping in mind the company's goals and vision for the year, as we focus all our efforts on sustainable growth and profitability. Consequently, some roles have been impacted. While this transition won’t be easy, we will be supporting all impacted individuals during this transition,” Unacademy earlier said in a statement to YourStory.
Edited by Jyoti Narayan