Vivek Sinha, the Chief Operating Officer (COO) of edtech giant Unacademy, has tendered his resignation from his position. His departure was officially communicated through a post on Saturday, August 26. Sinha expressed gratitude for his three-year tenure at Unacademy, acknowledging the opportunities and relationships he had formed during his time there.
Unacademy Announcement and Response
In his announcement, Sinha mentioned his decision to take the next step in his career after a remarkable three years with Unacademy. He extended his appreciation to Gaurav Munjal, the CEO of Unacademy, for believing in him and motivating him to perform at his best. In response, CEO Gaurav Munjal praised Sinha as one of the most relentless leaders he has worked with, offering him best wishes for the future.
Vivek Sinha’s Journey
Vivek Sinha, an alumnus of NIT Jamshedpur and ISB, joined the edtech in August 2020 as the COO. During his tenure, he was responsible for managing various aspects of the edtech company’s operations. This included overseeing digital test preparation, hybrid centers, K12 education, and jobs & skills verticals. His direct leadership encompassed a team of approximately 4,000 employees across multiple functions.
Past Endeavors
Before his time at edtech, Vivek Sinha had a diverse career. He had worked with companies such as OYO and Mobikwik. At OYO, he held a leadership role managing luxury hotels through a joint venture with Softbank. Additionally, Sinha was a founder of the construction-tech startup Buildzar.com, where he secured $4 million in Series A funding.
Unacademy Current Developments
Vivek Sinha’s departure coincides with recent changes at Unacademy. The company appointed Anurag Tiwari from Aakash Educational Institute to lead its offline vertical. This strategic move might signal a redistribution of responsibilities following Sinha’s exit. Additionally, Unacademy elevated Sumit Jain, CEO of Graphy, to a partner role. Notably, Unacademy has undergone cost-cutting measures in recent months, including significant staff reductions. The company reported a cash flow positive month in June 2023, although its financials for FY23 have not yet been filed. In FY22, Unacademy recorded a net loss of INR 2,848 crore, marking an 85% increase compared to the previous year.
