B2B marketplace Udaan’s co-founder Sujeet Kumar has been appointed as a board of directors at the edtech platform Unacademy.
With the appointment, Kumar’s experience of Flipkart and Udaan would be handy for the Facebook-owned growth stage firm. Importantly, he has also been an early investor in Unacademy. He invested $100K in the Gaurav Munjal-led firm.
Announcing the development on Twitter, Munjal said, “He has been one of our first angel investors and has been a great mentor to us all these years. Privileged to have him on our Board and help us democratize Education.”
Before founding Udaan in 2015, Kumar played an instrumental role in operations and hiring for Flipkart. In 2015, he co-founded Udaan along with other ex-Flipkart executives- Vaibhav Gupta and Amod Malviya. Their first gig became one of the fastest unicorn companies, which achieved the coveted $1 billion valuation within 26 months of its inception.
Kumar has also been a blue-chip angel investor in over 11 startups at their early-stage. His most recent bet was Delhi-based Euler Motors in which he invested Rs 1.9 crore for 1.01% stake last month. Last year in September, he had also participated in Rs 5.8 crore Series A funding round in Saas-based global image processing startup Terraview along with Binny Bansal and Kalyan Krishnamurthy.
Entrackr had exclusively reported about the launch and Euler’s Series A round last month.
Kumar also backed companies including Vakilsearch, Opentalk, Spoyl, Tanglin, Manch, and Nestaway. His appointment on Unacademy’s board of directors comes in the backdrop of the company launching a new product Graphy. Graphy has a separate founding team and aspires to replace books. The app appears to be gaining decent traction as the app amassed over 10,000 downloads with a rating of four since its announcement.