EdTech Platform Unacademy Raises $440 Million In Fresh Funding At $3.44 Billion Valuation
- ByStartupStory | August 2, 2021
Unacademy, India’s leading edtech platform has raised $ 440 million in a funding round led by Temasek, with super pro-rata participation from General Atlantic, Tiger Global, and Softbank Vision Fund. The latest fundraise takes the valuation of edtech platform Unacademy Group to $3.44 billion; as Indian online learning startups are expanding into multiple additional categories.
The Series H funding round also witnessed participation from Aroa Ventures, the family office of OYO Founder Ritesh Agarwal, and Deepinder Goyal, Co-Founder and CEO at Zomato. Some angel investors of Unacademy have exited in this round. According to Insight Platform Tracxn, this investment will bring Unacademy’s current funding to $ 880 million. An online learning platform that started its journey on YouTube and still employs educators using Google’s video platform, prepares students for competitive exams to enter college and at the graduate level. We support students who are pursuing a course.
With the app, students watch live classes from educators and join sessions to learn more about the topic later. The startup platform has over 10,000 educators, many of whom are very popular on YouTube. According to industry executives familiar with business arrangements, these educators help Unacademy sell more subscriptions and earn commissions in return. Unacademy attracts over 5 million monthly active users in over 10,000 cities in India. This startup is competing with a number of companies, including Byju’s. Gaurav Munjal, co-founder and CEO of Unacademy, said the startup will open up new capital to expand bets on new categories such as employment and employment. “It gives people a way to get their dream job, regardless of their educational background, while Graphy allows creators to build an online business that sells digital products, including NFTs,” Relevel said in a tweet. I am.
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