Jain is also one of the company’s co-founders.
This decision comes prior to the company’s proposed merger with upGrad. An internal memo from Unacademy co-founder and CEO Gaurav Munjal was cited by Moneycontrol.
According to the report, Munjal mentioned that Jain’s final day in a full-time operational role will be June 30, after which he will serve the company in an advisory capacity.
The memo from Munjal stated, “Sumit has been a strong support system and a Co-Founder for Unacademy since 2020. I have personally known him since 2013, when CommonFloor acquired my first company, Flatchat. More importantly, he has been a dear friend.”
“Sumit has established two strong pillars for Unacademy. The first is Graphy, which has become a growing, profitable business for us. His acquisition of Spayee and the subsequent merger with Graphy significantly benefited Unacademy Group. Additionally, he helped make our Offline Business profitable through a focus on Unit Economics and successfully transitioning them to Franchisees,” he wrote.
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Jain joined Unacademy in 2020 following the firm’s acquisition of his startup, OpenTalk. Prior to this, he was the CEO and co-founder of CommonFloor, a real estate platform that Quikr later acquired.
In September 2025, Jain was promoted to CEO of Unacademy’s test-preparation division.
This change comes as Unacademy is set to merge with Ronnie Screwvala-led UpGrad, which has filed a merger proposal with the Competition Commission of India (CCI) to acquire Unacademy.
The anticipated merger is expected to enhance UpGrad’s presence in the online test-preparation sector, covering categories such as UPSC, JEE, NEET, and GATE. With regulatory approvals, the merger is projected to finalize by the end of June.
(Edited by : Juviraj Anchil)
First Published: May 19, 2026 12:58 PM IST
