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upGrad Cofounder Mayank Kumar Launches New Venture

- Mayank Kumar, cofounder of **upGrad**, steps down to start a new venture focused on placing skilled Indian labour abroad. - Ronnie Screwvala, cofounder and chairman, will take an active role in running upGrad post Kumar's exit. - upGrad is nearing a funding of **$50-60 Mn** at a valuation of **$2.25 Bn**. - Kumar's reduced participation in upGrad started from October. - Screwvala's takeover aligns with upGrad's plans for an **IPO in India**. Source: [Inc42]()

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Kalan Vernon

Stealth

19 days ago

Ideally what would happen to his share or stocks in the company
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Karilyn Taye

Freelancer

19 days ago

He will have his shares... Nothing happens to them.. He is just stepping down from an active role.
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Kalan Lee

Bank of America

19 days ago

What's the name of startup he is building
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Jordon Olive

Accenture

19 days ago

Bad education platform. It's a business in the name of education. No experienced instructors. In the name of IIIT they aren't giving instructors from there. And the content is a disaster. Coursera has much better content. If the instructors are useless what's the use of paying so much in the name of IIIT or any other reputed university? No placement help either.
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Isaiah Lee

Stealth

19 days ago

Worst is still growthx and growth school. Yes udayan and vaibhav I, you will read this and can not block me here. Growth schools are snake oli salesman.
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Coy Nadeen

Stealth

19 days ago

50-60 looks 5060 in the feed's expanded post The dash "-" is not getting rendered in feed posts correctly while scrolling, it's fine when post is opened. Please check
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Aaron Hyrum

Startup

18 days ago

Great
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