India, June 5 -- Gaurav Munjal might hold a larger stake in Unacademy's artificial intelligence-powered language learning app Airlearn than he currently holds in the parent entity.
A Mint report, citing people familiar with the matter, said that the expected move comes at a time when the edtech cofounder prepares to spin off Airlearn into a separate entity.
Currently, Munjal holds 3.4% stake in Unacademy and is eyeing a larger share in Airlearn.
This also comes close on the heels of Munjal and his fellow cofounder Roman Saini reportedly stepping away from their day-to-day roles.
Sources further told Mint that Munjal is in discussions with existing investors Peak XV and Nexus Venture Partners regarding additional funding amid spin-off ...
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