Edtech unicorn upGrad’s CEO Arjun Mohan resigns
- ByStartupStory | January 10, 2023
Arjun Mohan, CEO of upGrad, has decided to leave the company and resigned from his position, according to a Linkedin post. This development was first reported by Reuters. Until 2020, He worked at edtech giant Byju’s for over 11 years.
The departure comes at a time when the country’s edtech startups are facing a funding crunch and widening losses. Thousands of people have been laid off in the edtech sector in the last year as startups cut costs and strive for profitability.
“After almost 3 years at the helm, I have decided to move out of upGrad… While I look back on the years at UpGrad, I feel happy about the incredible company we have built which helped so many working professionals upskill. The aspects of growth and other metrics were just outcomes of giving the customers what they aspired for,” Mohan said in the post.
“I started my journey in the education sector in the year 2008 and believe that still there is a lot more to be done to solve the persistent problems of access, affordability and quality. So I am in the exploration phase of what I can do in education next,” Mohan further explained in his social media post.
UpGrad, founded in 2015 by Screwvala, Mayank Kumar, Phalgun Kompalli, and Ravijot Chugh, is backed by Temasek, Murdoch’s Lupa Systems, International Finance Corporation, and IIFL, among others. In collaboration with various universities, the edtech platform offers higher education courses. In 2021, it joined the unicorn club.
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