upGrad, an online education and skilling platform, is undergoing significant leadership changes as it integrates Unacademy, a K-12 edtech startup it acquired. Key exits include CFO Venkatesh Tarakkad, who played a crucial role in finance and governance, and CEO Srikanth Iyengar of upGrad Enterprise. The company is strategically repositioning itself ahead of a potential initial public offering (IPO) targeted for 2027, aiming to raise $350-400 million. The integration of Unacademy is part of a broader effort to streamline operations and enhance client relationships. Despite the challenges in scaling its enterprise unit, which contributes less than 8% of overall revenue, upGrad is focusing on AI-led products and expanding into international markets. The company has also reduced its workforce significantly, from 5,500 to 3,400, to create a leaner organization. As it navigates these changes, upGrad faces intense competition in the corporate training market, which is projected to reach $12.2 billion by 2025.