According to a post on the social media site X, Hemesh Singh, cofounder of Unacademy, has stepped down as chief technology officer and will take on an advisory role.
“After almost a decade of building Unacademy with @gauravmunjal and @romansaini, I have decided to move from an Executive Role to an Advisory Role,” Singh said in the post.
“It has been a wonderful ride, and I am extremely grateful to have been a part of this journey. We did change the Test Prep Industry for good. What a crazy journey it has been! Thanks a lot @gauravmunjal for everything,” he added.
In 2015, Gaurav Munjal, Hemesh Singh, and Roman Saini launched Unacademy as a YouTube channel before it evolved into an edtech platform.
“Hemesh and I started working together 11 years ago when we were building Flatchat. It had been a Crazy Ride, and I have been grateful to have a Co-Founder like you. Unacademy will miss you,” Mujal posted.
As per Unacademy’s documents submitted to the Registrar of Companies (RoC), Munjal and Singh will be granted more voting rights in the event that the firm establishes a committee by March 2025 to facilitate its IPO.
Tracxn data indicates that Singh owns 2.2% ownership of the company, while Munjal and Saini each own 3.4%.
The company last closed a $440 million fundraising round in August 2021, valued at $3.4 billion and headed by Temasek Holdings of Singapore.
