Unacademy elevates Sumit Jain to cofounder status

economictimes.indiatimes.com:

Edtech unicorn, Unacademy has elevated Sumit Jain, who leads the company's Graphy division to partner or cofounder status, group chief executive Gaurav Munjal announced on Tuesday. According to Munjal, “partner at Unacademy is like a cofounder who joined at a later stage”. “I have some news to share.

Sumit Jain, who has been with us for more than 3.5 years now is now our new partner. Sumit has been like a cofounder to us since day one and has scaled Graphy to what it is today,” said Munjal in a post on social media platform X (formerly Twitter). Unacademy was founded in 2015 by Munjal, Roman Saini and Hemesh Singh.

Jain joined Unacademy in April 2020 and cofounded the firm’s Graphy division which allows educators and creators to launch their own online courses. Previously, in 2007, Jain cofounded and was the chief executive of CommonFloor, a real estate portal which allowed individuals to buy, sell and rent properties. CommonFloor was sold to classifieds platform Quikr in 2016.

Notably, CommonFloor had also acquired Munjal’s previous entrepreneurial venture Flat.to in 2015. Flat.to helped students and bachelors find accommodation in a new city. “Gaurav, thanks a lot for the trust you have shown in me.

The journey with Unacademy Group has been a roller coaster ride, full of challenges and learning. And I would not demand anything less. Very very excited to be a part of the Unacademy Group,” said Jain in response to Munjal’s post.

At present, Graphy claims to have helped over 100,000 educators and creators launch their online courses. In November last year, Munjal told employees in an internal memo that Graphy was clocking a monthly gross merchandise value (GMV) of almost Rs 25 crore. Earlier in June, this year, Graphy had