RS is in San Francisco with GM. In a meeting with Softbank and PeakXV leadership, RS has officially submitted his resignation to the board of directors.
He holds 3.5% equity at Unacademy. He will apparently be getting an exit of around ~800 Crores.
Formal transition has already begun and his BU's are being shut or merged.
Who is buying his shares? Will transaction happen at Unacademy’s last valn. Highly doubt.
Bro getting a dream exit
Zyaada paise nahi mil rahe hai. BMW X7 bhi Uber/Ola mein laga raha hoon.
Still 800 crore is a good amount considering it came from making shit like unacademy
There has been internal new circulation going on that the IAS Co-founder at Unacademy is finally leaving the organisation.
He already sold his stakes in the company worth 700Cr last year and was sticking around because of the face value...
Unacademy CFO Subbu has resigned. Shit doesn't seems to stopping any soon for Unacademy.
How many more folks from senior leadership will have to resign before investors throw Mr Munjal out of the company?
I was in a conversation with a VC and the news is RS from Unacademy has been given an exit via secondary share sale and Sumit Jain has been replaced as a partner.
RS will be taking an exit by the end of this year. This is confirmed new...
