India, Nov. 11 -- Barely two months after rival upGrad acquired Unacademy, cofounder Gaurav Munjal is now stepping down as the chief executive officer (CEO) of the test prep platform.

In a post on LinkedIn, Munjal said that he will now transition to the role of executive chairman at the startup. Unacademy cofounder also added that he will be "fully involved" in the day-to-day operations of the recently-acquired startup and will "help" with upGrad's initial public offering (IPO).

Meanwhile, Unacademy chief business officer (CBO) Akhilendra Kumar will take over as the chief executive of the recently-acquired edtech platform.

"I'm moving from CEO to executive chairman of Unacademy, and Akhilendra Kumar will take over as CEO. To be clear, ...