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 news and 2 VC firms have vetted if.
Has been mentioned here quite a bit over the last few days Big news regardless!
Unacademy is doomed to collapse without RS. No Funding without his face. Just because of this reason he was asked to stay, though he sold his shares long back.
The day this news is made official, it would be a final nail on Unacademy's coffin
Damn. Roman Saini is leaving. I remember in early days I used to watch his videos. He seems good.
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...
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 ...
There were lots of rumors going that unacademy IAS founder is selling stake. He is not selling his stake. I confirmed it. cc: RS, GM, HS
