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Indian unicorn startups

Unacademy Test-Prep CEO Sumit Jain Resigns Ahead of upGrad Merger

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Sumit Jain

Sumit Jain has resigned from his role as cofounder and CEO of the test-prep business at Unacademy ahead of the company’s proposed merger with upGrad, founded by Ronnie Screwvala. The leadership transition comes as Unacademy and upGrad have already filed for merger approval with the Competition Commission of India (CCI). Sumit Jain to Continue as … Read more

Rapido Raises $240 Million Led by Prosus, Valuation Climbs to $3 Billion

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Rapido

Indian mobility platform Rapido has raised $240 million in a fresh funding round led by Prosus, with participation from existing investors including WestBridge Capital and Accel. The investment is part of a broader $730 million transaction that includes both primary capital infusion and secondary share sales by existing shareholders. Following the latest round, Rapido’s valuation … Read more