Unacademy Elevates Abhishek Pipara As CFO Of Its Offline Centres Business

Share via:


SUMMARY

Edtech major Unacademy announced promotion of Abhishek Pipara as the CFO for Unacademy Centres

Pipara in his new role will look into driving efficiency, unit economics and profitability at the centre level

He has joined Unacademy in 2018 and has completed more than 6 and a half years in the edtech company

Gaurav Munjal-led edtech startup Unacademy has elevated its executive Abhishek Pipara as the chief financial officer (CFO) of its offline centres business.

In his new role, Pipara will focus on driving efficiency, unit economics, growth and profitability at a Centre level, the company said in a statement.

With an overall 16 years of experience in fundraising, mergers and acquisitions, setting up systems and processes, he has been working with Unacademy for over six years.

Munjal said, “Pipara has been an instrumental part of our journey, driving financial efficiency and strategic growth. With his leadership, I’m confident we will continue to scale and excel as we move forward.” 

Previously, Pipara worked in various roles in startups and consulting firms such as Little App, Zovi and Deloitte. He was the head of finance at online to offline (O2O) service company Little App from May 2015 to February 2018. Earlier, he served as the finance head at retail apparel and fashion brand Zovi from 2013 to 2018.

Before that, Pipara was the deputy manager at Deloitte from 2008 to 2010. 

Founded by Munjal, Hemesh Singh and Roman Saini in 2015, Unacademy runs both offline and online learning centres. The Bengaluru-based edtech startup claims to have centres in nearly 40 cities across the country with a network of over 91k registered educators and over 99 Mn learners.

Unacademy has been undergoing a major restructuring for quite some time now. In July, Inc42 learnt that the company’s chief operating officer (COO) for offline centres, Jagnoor Singh, would be moving out. 

It was just a little over a month after Unacademy cofounder and chief technology officer Singh announced his decision to take a back seat after being with the startup for more than eight years.  

Unacademy’s partner Sumit Jain replaced Singh as the cofounder and also has a seat on the startup’s board. 

Earlier this year, Unacademy announced its entry into the language learning space with the launch of its Unacademy Language Learning App

The Peak XV Partners-backed edtech startup reduced its loss to INR 1,678.1 Cr in the financial year 2022-23 (FY23) from INR 2,847.9 Cr in the previous fiscal. 





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Unacademy Elevates Abhishek Pipara As CFO Of Its Offline Centres Business


SUMMARY

Edtech major Unacademy announced promotion of Abhishek Pipara as the CFO for Unacademy Centres

Pipara in his new role will look into driving efficiency, unit economics and profitability at the centre level

He has joined Unacademy in 2018 and has completed more than 6 and a half years in the edtech company

Gaurav Munjal-led edtech startup Unacademy has elevated its executive Abhishek Pipara as the chief financial officer (CFO) of its offline centres business.

In his new role, Pipara will focus on driving efficiency, unit economics, growth and profitability at a Centre level, the company said in a statement.

With an overall 16 years of experience in fundraising, mergers and acquisitions, setting up systems and processes, he has been working with Unacademy for over six years.

Munjal said, “Pipara has been an instrumental part of our journey, driving financial efficiency and strategic growth. With his leadership, I’m confident we will continue to scale and excel as we move forward.” 

Previously, Pipara worked in various roles in startups and consulting firms such as Little App, Zovi and Deloitte. He was the head of finance at online to offline (O2O) service company Little App from May 2015 to February 2018. Earlier, he served as the finance head at retail apparel and fashion brand Zovi from 2013 to 2018.

Before that, Pipara was the deputy manager at Deloitte from 2008 to 2010. 

Founded by Munjal, Hemesh Singh and Roman Saini in 2015, Unacademy runs both offline and online learning centres. The Bengaluru-based edtech startup claims to have centres in nearly 40 cities across the country with a network of over 91k registered educators and over 99 Mn learners.

Unacademy has been undergoing a major restructuring for quite some time now. In July, Inc42 learnt that the company’s chief operating officer (COO) for offline centres, Jagnoor Singh, would be moving out. 

It was just a little over a month after Unacademy cofounder and chief technology officer Singh announced his decision to take a back seat after being with the startup for more than eight years.  

Unacademy’s partner Sumit Jain replaced Singh as the cofounder and also has a seat on the startup’s board. 

Earlier this year, Unacademy announced its entry into the language learning space with the launch of its Unacademy Language Learning App

The Peak XV Partners-backed edtech startup reduced its loss to INR 1,678.1 Cr in the financial year 2022-23 (FY23) from INR 2,847.9 Cr in the previous fiscal. 





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Major Fire Disrupts Operations At Tata’s iPhone Facility In...

SUMMARY Tata Electronics said in a statement that the...

Why Index Ventures is bulking up its investment team...

While online discourse would make it seem that...

Welcome to Meta’s future, where everyone wears cameras

All around Meta’s Menlo Park campus, cameras stared...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!