Allen Digital CEO Abha Maheshwari Steps Down After Two Years Stint

Abha Maheshwari, a former Meta executive who became CEO of Allen Digital in 2022, has stepped down after two years. She plans to take a short break before starting her next venture.

“When I first joined, we were a small team of 15 to 20 working out of a WeWork, scrappy, ambitious, and committed to building something meaningful. Two years later, I leave behind a buzzing office filled with passionate people, bold ideas, and the same deep sense of purpose, now backed by a much larger and stronger team,” she wrote in a social media post announcing her exit.

"Together, we built a digital-first EdTech business anchored in learning outcomes. We launched transformative technology, scaled rapidly, and most importantly, made a real difference in the lives of students. From AI-powered learning to seamless offline–online integration, every step was guided by our vision to make education more accessible, deliver real learning outcomes, and truly empower students," Maheshwari wrote.

In April 2022, Allen Career Institute launched a wholly owned subsidiary, Allen Digital, to compete with India’s multi-billion-dollar edtech giants.

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This came just a month after Allen raised $600 million (around Rs 4,500 crore) from Bodhi Tree Systems, the investment firm of James Murdoch and former Disney Asia-Pacific chairman Uday Shankar.

During her tenure, Allen Digital acquired the AI-powered doubt-solving platform Doubtnut in a slump sale reportedly worth around $10 million. 

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In December 2024, Allen was also said to be in early talks to acquire unacademy at a discounted valuation of about $800 million, though Unacademy co-founder and CEO Gaurav Munjal denied the reports.

In FY24, the company’s revenue rose 42% year-on-year to Rs 3,244.7 crore, fueled by strong offline enrollments and a growing digital presence. However, profit declined 44% to Rs 136 crore during the same period.