Indian edtech firm upGrad's chief executive Arjun Mohan has stepped down from his role, he said in a LinkedIn post. His resignation comes at a time when edtech companies in the country are struggling with funding and losses.

Mohan wrote: "After almost 3 years at the helm, I have decided to move out of upGrad… While I look back on the years at UpGrad, I feel happy about the incredible company we have built which helped so many working professionals upskill. The aspects of growth and other metrics were just outcomes of giving the customers what they aspired for."
He thanked his team members and extended gratitude towards the founders of upGrad -- Ronnie Scewvala, Mayank Kumar and Phalgun Kompalli in his post.

He ended his note by saying, "I started my journey in education sector in the year 2008 and believe that still there is a lot more to be done to solve the persistent problems of access, affordability and quality. So I m in the exploration phase of what I can to do in education next ."

News reports say that Mohan's resignation is part of the company's attempts to cut costs and become profitable. He reportedly put down his papers in December and will be in office till January 15.