Edtech
Unacademy Elevates Graphy CEO Sumit Jain to Partner Role in Edtech Expansion
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ByStartupStory | August 16, 2023
Leading edtech company Unacademy has promoted Sumit Jain, the Co-founder, and CEO of Graphy—a service that supports creator growth and monetization—to a partner role, as announced in a LinkedIn post by Gaurav Munjal.
“A partner at Unacademy is like a Co-Founder who joined at a later stage,” Munjal wrote on LinkedIn. “Sumit has been like a Co-Founder to us since day one and has scaled Graphy to what it is today,” said group chief executive Gaurav Munjal in the post.
Sumit Jain, a serial entrepreneur, initiated his work on Graphy in April 2020. He previously established CommonFloor, a company acquired by Quikr for $200 million in 2016. Notably, CommonFloor had also invested in Gaurav Munjal’s former startup, flat.to—an online platform for student accommodations. Jain, who has also engaged in angel investing, previously supported Unacademy financially. Graphy’s revenues soared by 68% in the year 2022, coinciding with Unacademy’s movement toward profitability at the partner level.
In recent developments, Graphy acquired Scenes, a community management tool for expanding creator economy offerings, in June. This move followed their acquisition of Spayree in October 2021, a company that provides a suite of tools tailored for creators, for $25 million.
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