Latest news with #RomanSaini
Entrepreneur
29-05-2025
- Business
- Entrepreneur
Unacademy Co-founders Set to Exit, Shift Focus to New Venture AirLearn
You're reading Entrepreneur India, an international franchise of Entrepreneur Media. In a significant leadership shift at Indian edtech unicorn Unacademy, co-founders Gaurav Munjal and Roman Saini are reportedly stepping down to dedicate their efforts to a new venture, AirLearn, a language learning app. This move marks a rare instance of original co-founders exiting a major Indian edtech company. Their departure follows that of the third co-founder, Hemesh Singh, who left in June 2023. Sumit Jain, co-founder of Unacademy's subsidiary Graphy, is expected to assume the leadership role. Jain joined Unacademy in 2020 after the acquisition of his startup Opentalk. According to The Economic Times, Munjal and Saini are now focused on scaling AirLearn, which has already achieved an annual recurring revenue (ARR) of USD 400,000 in the US, just months after its launch. Unacademy's board comprises representatives from SoftBank, General Atlantic, Bhavin Turakhia (Zeta), Sujeet Kumar (Udaan), along with Munjal and Saini. Data from TheKredible indicates the three original co-founders together held a 15% stake in the company. The leadership transition signals a new era for Unacademy, which is aiming to sustain and grow amid evolving market conditions. Munjal recently noted that the company has significantly reduced its core business cash burn—from over INR 1,000 crore annually to under INR 200 crore. With INR 1,200 crore in reserves and profitable units like Graphy and PrepLadder, Unacademy remains financially stable. The exit of its founding trio could usher in a fresh strategic direction for the edtech firm.
India.com
23-05-2025
- Business
- India.com
Cleared AIIMS entrance at 16, cracked UPSC exam, became youngest IAS Officer at 22, yet quit IAS job due to.., now is working as…, name is..
The biggest adventure you can take is to live the life of your dreams. And nothing explains it better than the success story of Unacademy co-founder Roman Saini. He not only cracked the AIIMS entrance examination at 16 but also qualified for the UPSC Civil Services examination at 22. Despite this success, Roman Saini quit his IAS job to build a Rs 26000 crore worth company. Hailing from Rajasthan, Roman Saini cracked the highly competitive AIIMS medical entrance exam at 16 years old. Surprisingly, he earned an MBBS degree by 21. After a year of becoming a doctor, he set his passion on conquering the toughest examination – the Union Public Service Commission- Civil Services Examination CSE and becoming an IAS officer. Speaking of his family background, Roman Saini's father is an engineer by profession, while his mother is a homemaker. After becoming IAS Officer, Roman Saini served as a district collector in Madhya Pradesh. However, his quit his IAS job for something bigger. In 2015, he co-founded Unacademy with Gaurav Munjal and Hemesh Singh. Together, they established Sorting Hat Technologies, the parent company of Unacademy. 'From a YouTube channel that started in 2010, we became a feature-rich educational technology platform in 2015,' reads the statement on the official website of the Unacademy. Unacademy, one of India's top ed-tech companies, has grown tremendously over the past 5-6 years. A large part of this success goes to Roman Saini, a doctor and former IAS officer, who played a significant role in transforming Unacademy into a Rs 26,000 crore enterprise. According to several media reports, in 2022, Unacademy's leadership earned significant salaries—CEO Gaurav Munjal earned Rs. 1.58 crore, Hemesh Singh received Rs. 1.19 crore, and Roman Saini got Rs. 88 lakh.
