Former Twitter India head Manish Maheshwari who based Invact Metaversity, an internet platform for schooling and Web3.0, on Friday introduced he’s leaving the startup to “pursue new opportunities”.
Founded by Maheshwari and Tanay Pratap simply six months in the past, Invact Metaversity in February obtained $5 million in funding led by Arkam Ventures to construct a metaverse of schooling and broaden globally.
“I am moving out of Invact to first take a break for a few months and then pursue new opportunities. It is heartbreaking for a founder to leave the startup, like a mother leaving her baby. I am going through the same emotion,” tweeted Maheshwari.
“I’ve full belief in @tanaypratap. I will likely be cheering from the sidelines for Invact to turn out to be the subsequent unicorn and in the end go for an IPO underneath his management,” he added.
I’m shifting out of Invact to first take a break for a couple of months after which pursue new alternatives. It is heartbreaking for a founder to depart the startup, like a mom leaving her child. I’m going by the identical emotion.
— Manish Maheshwari (@manishm) May 27, 2022
Invact Metaversity had additionally raised capital from greater than 70 particular person buyers, like Balaji Srinivasan (former CTO of Coinbase and GP at Andreessen Horowitz), Caesar Sengupta (former senior Google government), Nithin Kamath (founder, Zerodha), Kunal Bahl (founder, Snapdeal), Benjamin Ampen (Managing Director Twitter MENA) and others.
Invact Metaversity stated in a tweet that “Manish Maheshwari has stepped down from his position as Chief Executive Officer and Director of Invact, Inc. as of May 27, 2022.”
“The decision to part ways was not an easy one, but ultimately, @manishm and
@tanaypratap had diverging visions for the company’s long-term prospects. Invact will continue and under leadership of Tanay will pursue its vision to make quality education accessible via Metaversity,” the startup added.
Maheshwari earlier envisioned constructing a virtual-first curriculum and increasing into Europe and the US.
“Metaverse is a concept that stands at a cusp where it will be a lead factor in transforming the educational landscape,” stated Maheshwari.
“Changes are often heartbreaking but sometimes necessary. We started together, built together, and celebrated together. Invact will continue to build on its vision of accessible quality education for all. Wishing Manish all the best for the future,” tweeted Pratap.