Sumit Jain, the Chief Executive Officer (CEO) of Bengaluru-based Unacademy’s test-preparation business, is stepping down from his role. The development comes ahead of the company’s merger with upGrad.
“Sumit Jain is moving on from Unacademy,” said Unacademy CEO Gaurav Munjal in a linkedIn post.
“Sumit joined us as co-founder in 2020 and since then helped us build Graphy and make offline profitable. I have been fortunate to know him since 2013 when CommonFloor acquired Flatchat. Thank you for everything, Sumit,” Munjal added.
Jain joined Unacademy in 2020 after the company acquired his startup Opentalk. Prior to that, he co-founded the real estate platform CommonFloor. In September 2025, Unacademy elevated Jain as the CEO of its flagship test prep business, the company’s core vertical.
“Thank you, Gaurav. What a ride the last six years have been! Something I would never trade for anything else. Amazing discussions, learning, and memories along the way. Proud to be a co-founder of a company that has been the first in doing so many things and set a benchmark for excellence,” said Jain in reply to Munjal’s post on LinkedIn.
Jain’s last day of employment in a full-time operational capacity will be June 30, 2026.
Indian edtech firm Unacademy had signed a term sheet with rival upGrad for its acquisition in a share swap deal in March this year. In a post on X at that time, Munjal said that he would remain Unacademy’s co-founder and CEO, with a goal of building online products for learners in India and globally.
The deal comes as Unacademy’s valuation has dropped significantly from its pandemic-era high.
In a note posted on X in December 2025 to mark the startup’s 10th anniversary, Munjal said the company’s valuation had fallen from its $3.5-billion peak three years earlier to less than $500 million.
