- India-based online learning company Unacademy recently announced it has raised $150 million in funding at a $1.45 billion valuation
India-based online learning company Unacademy recently announced it has raised $150 million in funding at a $1.45 billion valuation, according to TechCrunch. SoftBank Group led the Series F round in Unacademy via its Vision Fund 2. Existing investors Facebook, Blume Ventures, Nexus Partners, General Atlantic, and Sequoia Capital also participated in the round. Including this funding round, the company has raised about $350 million so far.
What does Unacademy do? Unacademy essentially helps students prepare for college admission exams along with helping people prepare for graduate-level courses. Through the app, students are able to watch classes live from teachers. And they can participate in sessions for reviewing topics. More recently, the app also featured online interviews with renowned celebrities, politicians, and business leaders. Currently, Unacademy has 30 million registered users and it has over 350,000 paying subscribers.
“Our goal always has been to democratise knowledge and make it more affordable and accessible by getting the best experts of the world help everyone achieve their goals. We are just getting started,” said Unacademy co-founder and CEO Gaurav Munjal in a tweet.
In July, Unacademy acquired PrepLadder for $50 million. And Unacademy also led a $5 million investment round to buy a stake in Mastree.
