INDIA – Unacademy, a Bengaluru, India-based learning platform provider, raised a Series E round of funding of $110M.
Backers included new investors Facebook and General Atlantic, along with Sequoia India, Nexus Venture Partners, Steadview Capital, and Blume Ventures. Kalyan Krishnamurthy, CEO, Flipkart and Sujeet Kumar, co-founder, Udaan, also participated in this round. In addition to raising the funding, Unacademy also provided exits to some of its angel investors. The company plans to use the funds to further penetrate into the test preparation categories, launching more exam categories, acquiring top educators, and creating enhanced learning experiences for the learners through great content and product. Founded by Gaurav Munjal, Roman Saini and Hemesh Singh in 2015, Unacademy is an education technology platform that brings expert educators together with millions of students in need of quality education via brands such as Unacademy, Unacademy Subscription, Wifistudy, Chamomile Tea with Toppers, Let’s Crack It. The company has a network of more than 10,000 registered educators creating videos and offering live interactive classes with access to more than 30 exam categories for the learners. Unacademy now has more than 1 million videos on its platform. In 2019, the company launched its subscription for various examinations which gives access to the learners throughout the country to top educators and structured learning. Within a span of one year, Unacademy has more than 90,000 active subscribers. 18/03/2020
