Indian Unacademy Raises $440M in Funding
Indian Unacademy, India’s leading online learning platform, has recently announced that it has raised a staggering $440 million in funding, becoming one of the most well-funded ed-tech startups in the country. The funding round was led by a consortium of investors including General Atlantic, Sequoia India, and SoftBank. This investment will help Unacademy to further expand its reach across India, providing quality educational content to more people.
Overview of Indian Unacademy
Indian Unacademy is an online learning platform that offers educational content in the form of video lectures, live classes, and practice tests. It was founded in 2015 by Gaurav Munjal, Roman Saini, and Hemesh Singh, and has since become one of the leading ed-tech startups in India. The platform offers courses in a variety of subjects such as computer science, engineering, and finance. It also has a network of more than 10,000 educators, who are experts in their respective fields.
Details of Funding Round
The recent funding round was led by General Atlantic, Sequoia India, and SoftBank. Other participants included Tiger Global, Dragoneer, and WestCap Group. The total amount of funding raised was $440 million, making it one of the largest funding rounds for an ed-tech startup in India. This funding round has valued Unacademy at over $2 billion, making it a ‘unicorn’ startup.
Impact of Funding
The recent funding round will allow Unacademy to invest in new technologies and expand its reach across India. It will also help the company to acquire more educators, so that it can provide better quality educational content to its users. The funds will also be used to expand its offerings to include more courses and features, such as international certifications.
Unacademy plans to use the funds to expand its presence in tier-2 and tier-3 cities in India. It also plans to launch new products and features in the coming months, such as a personalized learning platform and a subscription-based product. The company also plans to focus on expanding its international presence, with plans to launch localized versions of its platform in other countries.
Unacademy’s recent funding round is a testament to its success and potential as an ed-tech startup. The funds will help the company to continue to expand its reach and offerings, allowing it to provide quality educational content to more people. With its expansion plans and new features, Unacademy is set to become one of the leading ed-tech companies in India.