India, May 28 -- Unacademy cofounder Gaurav Munjal is reportedly stepping down from the chief executive's role, with board member Sumit Jain to take over. Fellow cofounder Roman Saini is also exiting day-to-day operations.

An ET report, citing people close to the matter, said that the move comes amid the edtech startup's organisational restructuring, a failed acquisition deal and and a growing focus on its language learning platform AirLearn.

The report further said that Unacademy's shareholders were concerned about its future asthe company has been gradually moving away from its online test prep roots towards a more capital-intensive offline coaching model.

Besides, Munjal's decision to step down from the CEO role also coincides with ...