Edtech start-up UpGrad's chief executive Arjun Mohan steps down

The departure comes as the edtech company was trying to internally cut marketing costs and become profitable

Indian online education firm UpGrad's chief executive Arjun Mohan has stepped down, he told Reuters on Tuesday, a top-level departure that comes when the sector is reeling from growth challenges. Mohan's statement did not make it clear why he was leaving, but three sources familiar with the matter told Reuters the executive had resigned in December, though the decision was not made public.

"I have decided to move out of upGrad after almost 3 years of service as the CEO India business. My last day of employment will be 15th Jan," Mohan said in the statement after Reuters reached out