Unacademy Elevates Abhishek Pipara As CFO Of Its Offline Centres Business

Unacademy Elevates Abhishek Pipara To CFO Of Its Offline Centres Business

SUMMARY

Edtech major Unacademy announced promotion of Abhishek Pipara as the CFO for Unacademy Centres

Pipara in his new role will look into driving efficiency, unit economics and profitability at the centre level

He has joined Unacademy in 2018 and has completed more than 6 and a half years in the edtech company

Gaurav Munjal-led edtech startup Unacademy has elevated its executive Abhishek Pipara as the chief financial officer (CFO) of its offline centres business.

In his new role, Pipara will focus on driving efficiency, unit economics, growth and profitability at a Centre level, the company said in a statement.

With an overall 16 years of experience in fundraising, mergers and acquisitions, setting up systems and processes, he has been working with Unacademy for over six years.

Munjal said, “Pipara has been an instrumental part of our journey, driving financial efficiency and strategic growth. With his leadership, I’m confident we will continue to scale and excel as we move forward.”

Previously, Pipara worked in various roles in startups and consulting firms such as Little App, Zovi and Deloitte. He was the head of finance at online to offline (O2O) service company Little App from May 2015 to February 2018. Earlier, he served as the finance head at retail apparel and fashion brand Zovi from 2013 to 2018.

Before that, Pipara was the deputy manager at Deloitte from 2008 to 2010.

Founded by Munjal, Hemesh Singh and Roman Saini in 2015, Unacademy runs both offline and online learning centres. The Bengaluru-based edtech startup claims to have centres in nearly 40 cities across the country with a network of over 91k registered educators and over 99 Mn learners.

Unacademy has been undergoing a major restructuring for quite some time now. In July, Inc42 learnt that the company’s chief operating officer (COO) for offline centres, Jagnoor Singh, would be moving out.

It was just a little over a month after Unacademy cofounder and chief technology officer Singh announced his decision to take a back seat after being with the startup for more than eight years.

Unacademy’s partner Sumit Jain replaced Singh as the cofounder and also has a seat on the startup’s board.

Earlier this year, Unacademy announced its entry into the language learning space with the launch of its Unacademy Language Learning App.

The Peak XV Partners-backed edtech startup reduced its loss to INR 1,678.1 Cr in the financial year 2022-23 (FY23) from INR 2,847.9 Cr in the previous fiscal.