<ul><li>Mayank Kumar, Co-founder and Managing Director of upGrad, has stepped down from his operational role as MD.</li><li>Ronnie Screwvala, Co-founder and Chairperson of upGrad, will be taking on a more hands-on role at the edtech company.</li><li>Kumar will remain involved in upGrad's strategic decisions while working on his new venture that focuses on helping skilled Indian blue-collar workers find career opportunities abroad.</li><li>upGrad is nearing the completion of a $50-$60 million funding round and preparing for an IPO in the near future.</li></ul>

upGrad co-founder Mayank Kumar steps down to launch new venture

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