Ankur Dhawan, the president of upGrad Abroad, has stepped down, sources told Moneycontrol. This is the second such top-level exit in 2024 at the higher education and upskilling unicorn upGrad.
Dhawan, who has been in the position for over three years, will head a new initiative, said a source aware of the development.
This comes a month after UpGrad-owned KnowledgeHut's Chief Executive Officer, Subramanyam Reddy, moved on from the company leading it for 13 years. The edtech unicorn then appointed former Byju’s executive Asheesh Sharma to assume the position.
Moneycontrol also learnt that the company has now appointed Ankur Nyati, former COO of WhiteHat Jr and Utkarsh Classes, to take over the position effective immediately. Nyati is an IIT Delhi and IIM Bangalore alumni who has a career spanning over 20 years in various sectors.
Mayank Kumar, the co-founder and managing director of upGrad, confirmed the developments after Moneycontrol reached out to the company for comments.
"Ankur Dhawan has laid the foundation very strong within the study abroad segment and now is the time we elevate ourselves as the market leader. The
next 12 months will witness both - market and portfolio expansion with innovative study-abroad solutions coming into play. Ankur Nyati's deep expertise in scaling operations will support us in driving stronger business outcomes while also ensuring sustainable profitability for the segment," added Kumar, in a note that followed.
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