Operating revenue for Unacademy increased to Rs 907 crore in FY23 from Rs 719 crore in FY22.
Hemesh Singh, the Chief Technology Officer and co-founder of the edtech firm Unacademy, declared on Saturday that he would be leaving to take on an advisory position.
In a post on social media platform X, Singh said that after almost a decade of building Unacademy with Gaurav Munjal and Roman Saini, “I have decided to move from an executive role to an advisory role.”.
“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,” Singh posted.
Munjal, the CEO of the company, stated that Singh and he first collaborated on the development of Flatchat eleven years ago.
“It has been a crazy ride, and I have been grateful to have a co-founder like you. Unacademy will miss you,” Munjal said on the X social media platform.
Operating revenue for Unacademy increased to Rs 907 crore in FY23 from Rs 719 crore in FY22. The educational technology platform saw a decrease in losses from Rs 2,847 crore to Rs 1,678 crore in FY23.
Munjal stated in December that the company had a 60% reduction in cash burn and that its existing “cash reserves” would last for more than four years.
In 2015, Munjal, Singh, and Saini founded Unacademy.
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