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The decision comes at a time when discussions around a potential merger between Unacademy and upGrad Education are gaining momentum. However, Sumit Jain will not be completely exiting the company and will continue to remain associated with Unacademy in an advisory role.
The announcement regarding Sumit Jain’s resignation was shared through LinkedIn posts on Monday. Unacademy CEO Gaurav Munjal stated in his post that Sumit Jain played a significant role during the company’s growth phase. He contributed extensively to building the Graphy platform and also helped make the company’s offline business profitable. Gaurav Munjal wrote, “Sumit joined us as a co-founder in 2020 and since then helped strengthen several important business verticals.”
Sumit Jain Joined After OpenTalk Acquisition
Sumit Jain became a part of Unacademy after the company acquired his startup OpenTalk. Following the acquisition, he led Graphy, a creator-focused SaaS platform that provides digital tools and infrastructure for content creators and educators.
In 2023, he was elevated to the position of “Partner,” which Gaurav Munjal had described at the time as equivalent to a co-founder-level role. Later, in 2025, Sumit Jain was appointed CEO of Unacademy’s core test prep business as part of a broader leadership restructuring within the company.
Decision Comes Amid upGrad Merger Discussions
Sumit Jain’s resignation has come at a crucial time when Unacademy has been restructuring its business operations. According to reports, the company is moving towards an acquisition deal with Ronnie Screwvala led upGrad through an all-stock transaction.
It is also being reported that both companies have already approached the Competition Commission of India (CCI) seeking approval for the proposed merger. Industry experts believe that this potential deal could become one of the major developments in India’s edtech sector.
Unacademy Saw Rapid Growth During the Pandemic
During the COVID-19 pandemic, the surge in online learning demand helped Unacademy emerge as one of India’s largest edtech startups. At its peak, the company’s valuation reportedly reached around USD 3.4 billion. However, after the pandemic, the slowdown in the edtech industry forced several companies to reduce costs, lay off employees and restructure their business models.
Over the last few years, Unacademy has also focused on reducing losses, cutting operational expenses, expanding offline centres and improving profitability. The company is now working towards building a more sustainable and stable business model.
Experts See Major Impact on the Edtech Industry
Education experts believe that a potential merger between Unacademy and upGrad could significantly reshape India’s edtech landscape. The partnership may help both companies strengthen their digital learning, skill development and test preparation services.
According to industry observers, Sumit Jain’s resignation marks an important leadership transition for Unacademy. However, his continued involvement as an advisor is expected to remain valuable for the company’s future strategies. Experts believe his experience and deep understanding of the edtech sector could continue to support the company’s expansion plans and evolving business models.
