Arjun Mohan, CEO of Ronnie Screwvala’s upGrad, has decided to leave the company and resigned from his position, according to a Linkedin post.
The departure comes at a time when the country’s edtech startups are facing a funding crunch and widening losses. Thousands of people have been laid off in the edtech sector in the last year as startups cut costs and strive for profitability. “After nearly three years at the helm, I’ve decided to leave upGrad… Looking back on the years at UpGrad, I am proud of the incredible company we have built that has assisted so many working professionals in upskilling. “The aspects of growth and other metrics were simply byproducts of giving the customers what they desired,” Mohan wrote in the post.