Arjun Mohan reportedly steps down as upGrad’s CEO
By MYBRANDBOOK
CEO of edtech giant upGrad Arjun Mohan has stepped down after a three-year period. His departure comes at a time when upGrad is cutting marketing costs and becoming profitable. Arjun Mohan joined upGrad from BYJU’s where he stepped down as the Chief Business Officer. He started his edtech journey with the firm in 2008 as a consultant.
Mayank Kumar, Co-founder and Managing Director of upGrad will be taking over Arjun Mohan’s responsibilities. upGrad has moved into a ‘business unit structure’ and there are leaders under Arjun Mohan who would look after profit and loss accounts of various such units.
Arjun Mohan said, “After almost 3 years at the helm, I have decided to move out of upGrad. While I look back on the years at upGrad, I feel happy about the incredible company we have built which helped so many working professionals up-skill. The aspects of growth and other metrics were just outcomes of giving the customers what they aspired for. I started my journey in the education sector in 2008 and believe that still there is a lot more to be done to solve the persistent problems of access, affordability and quality. So, I am in the exploration phase of what I can do in education next.”
upGrad runs a higher education platform for working professionals. The company has raised more than $400 million in equity to date and counts Singapore’s Temasek Group, IFC Asset Management, James Murdoch’s Lupa Systems among others as its backers.
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