Mumbai, Sept. 11 -- Gautam Thakar has stepped down as the chief executive of Prosus' global edtech practice, which oversees more than $4 billion in investments, after two years in the role, according to three people close to the development.

"Ashutosh (Sharma, the head of India ecosystem at Prosus) has been taking on a larger role, with additional operational responsibilities at the firm," one of the people said.

Thakar was instrumental in guiding edtech investments of global consumer internet group and technology investor Naspers' Dutch-listed technology arm in India through a downturn marked by significant corrections in valuations and pivots in business models.

Thakar, who previously headed OLX Autos, took up the role in August 2023...