In the LinkedIn post, Munjal said he will stay fully involved in daily operations, work alongside Kumar, and help with the upGrad IPO.
The post called Kumar one of the sharpest operators Munjal knows and said the company is proud to have him lead its next chapter.
Munjal co-founded Unacademy in October 2015 and served as its CEO for over 11 years. Before Unacademy, he founded FlatChat, a real estate platform for college students and bachelors, which was acquired by CommonFloor.com in April 2014.
He also founded Unacademy as an educational video platform in 2010, before formally building it into an edtech company in 2015.