Gaurav Munjal has moved from CEO to executive chairman of Unacademy. Chief business officer Akhilendra Kumar will take over as the company's chief executive. The change follows upGrad's acquisition of Unacademy in September 2026 for just over $200 million.
New leadership roles
Under the new structure, Munjal will stay involved in daily operations. Kumar has been with Unacademy for nearly five years. He was vice president of business until 2025 before becoming chief business officer.
Financial context
At the time of the acquisition, Unacademy had a topline of around ₹400 crore. Most of its businesses were either profitable or near profitable. The company also had around ₹900 crore in the bank.
Platform and integration
The deal gives upGrad access to test preparation for UPSC, JEE, NEET, and GATE. Unacademy's educator network also joins upGrad's existing businesses. Operations for Unacademy, PrepLadder, Airlearn, and Graphy will run from Bengaluru.
Separately, Munjal and cofounder Roman Saini are reportedly raising a ₹700 crore venture capital fund. The fund, Longshot Capital, targets a first close in January 2027. Munjal said he will help with the upGrad IPO.