Upgrad co-founder and MD Mayank Kumar resigns; Here’s what he wrote in the internal note

Mayank Kumar, co-founder and managing director of ed-tech firm Upgrad has resigned from his role to start a new venture. As per Economic Times report, Kumar has significantly reduced his operating role at the Mumbai-based firm starting this month. The report quotes unnamed people aware of the matter who said that Kumar’s departure, who has 8% share stake in the company, coincides with founder and chairman Ronnie Screwvala taking a more active role at the firm.