In a senior level exit at Softbank-backed edtech unicorn Unacademy, the firm's partner and chief marketing officer Karan Shroff has quit the startup.
In a LinkedIn post on Thursday, Shroff informed that he would be parting ways with Unacademy after three years.
“I will be hanging my boots at Unacademy. Over three years of memories, a great team that taught me a lot and a journey that I will always cherish,” he wrote.
On Shroff’s exit, Gaurav Munjal, chief executive officer and co-founder at Unacademy said, “After over three years of building the Unacademy brand, Karan Shroff, partner and CMO of Unacademy has decided to move on. We thank Karan for his contributions towards building Unacademy into one of the most iconic brands of India. He will transition out of his role after six months at Unacademy. We wish him all the very best for his future endeavours.”
The edtech firm was valued at $3.4 billion in the latest fundraise that closed in August 2021.
Unacademy, owned and operated by Sorting Hat Technologies Pvt. Ltd, has made two key senior level appointments over the last few months hiring former Airtel executive Navneet Sharma as chief business officer – new initiatives, to chart growth strategy, business plan and sales development frameworks for its test preparation business. Prior to that, Unacademy had appointed ex-Xiaomi executive Sunil Baby as chief business officer to spearhead growth and expansion of its offline network.
Edtech space is witnessing massive layoffs and some churn at the teacher and executive levels at a time when online edtech players hustle to expand offline as the world is clawing its way out of the covid-19 pandemic.
VCCircle had reported in December that the five edtech unicorns as of 2021, had invested close to $3 billion for mergers and acquisitions in 2021 alone.
