Manish Maheshwari Steps Down As CEO And Director of Invact Metaversity

Invact Metaversity CEO and Director Manish Maheshwari on Friday stepped down from the position. The development comes days after he shared a series of tweets on what went wrong with Invact Metaversity.

In a tweet on Friday, the virtual university said, "Over the last few days, we have been in the news, more than we have ever been! So here is the official update. Manish Maheshwari has stepped down from his position as Chief Executive Officer and Director of Invact, Inc. as of May 27, 2022."

Maheshwari tweeted about his departure and his relationship with co-founder Tanay Pratap and said, "We both are passionate and uncompromising about what we believe in, as founders usually are. While we are parting ways, we have fond memories of working together not just as colleagues, but also as brothers."

"I have full trust in @tanaypratap. I will be cheering from the sidelines for Invact to become the next unicorn and ultimately go for an IPO under his leadership," Maheshwari added and said that he would take a break for a few months to pursue new opportunities.

Tanay Pratap, who will now lead the virtual university, tweeted, "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. Goodbyes are always hard."

Invact Metaversity was started by former Twitter India head Maheshwari and Pratap in January this year.

The co-founders had differing visions on whether Invact Metaversity should be an education company or a metaverse company.

In a recent letter to investors, Tanay Pratap mentioned that both the co-founders disagreed on the startup's long-term and short-term vision.