Wednesday, April 24

Tag: Unacademy

Edtech Platform Unacademy acquire Prepladder for $50 million
7Jul By AnkitaNo Comments
FUNDING

Edtech Platform Unacademy acquire Prepladder for $50 million

India's leading ed-tech platform Unacademy has acquired a medical-based preparation platform PrepLadder for $50 million. The deal has been revealed by Unacademy co-founder Gaurav Mujal on Twitter. https://twitter.com/gauravmunjal/status/1280398406838390784 PrepLadder, which employs about 150 people, offers courses aimed at medical students. The two-year-old startup, which never raised any capital from external investors, has more than 80,000 subscribers, said PrepLadder co-founder Deepanshu Goyal. The acquisition of PrepLadder comes as both Unacademy and Byju’s the two edtech leaders in India have engaged in M&A talks with several local startups in recent months to further their dominance in the nation. As per the Pixr8 report, Byju’s is in talks to acquire another e...
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Unacademy Raises USD 110 mn Led by Facebook & Others
20Feb By NitishNo Comments
FUNDING

Unacademy Raises USD 110 mn Led by Facebook & Others

Online education platform Unacademy raises USD 110 million (about Rs 780 crore) in a funding round led by social media major Facebook and General Atlantic. The funding round saw investment from fresh investors including Sequoia India, Nexus Venture Partners, Steadview Capital and Blume Ventures, Flipkart CEO Kalyan Krishnamurthy and Udaan co-founder Sujeet Kumar, according to a company statement. 'We are seeing great learning outcomes through our subscription where learners can take live classes by these educators. We now have more than 90,000 active subscribers. We thank General Atlantic and Facebook who have joined us in this journey and our existing investors who continue to be a part of the journey by supporting us,' Unacademy co-founder Gaurav Munjal said. In addition to rai...
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Unacademy Raises $50 Million in Series D Funding
26Jun By PriyankaNo Comments
FUNDING

Unacademy Raises $50 Million in Series D Funding

Bengaluru, June 26th, 2019 :  Unacademy, India’s largest learning platform, closes of its $50 million Series D funding round from Steadview Capital, Sequoia India, Nexus Venture Partners, and Blume Ventures. Aakrit Vaish (Co-Founder & CEO, Haptik) and Sujeet Kumar (Co-Founder & CEO, Udaan) also participated in the round, along with Unacademy Founders, Gaurav Munjal, and Roman Saini. Speaking to Pixr8 News, Co-founder and CEO Unacademy, Gaurav Munjal said, “We have more than 400 top educators from across the country taking live classes every day on Unacademy Plus. This is available to every student, irrespective of their location. By leveraging technology and high-quality educators, we aim to move closer to our mission of democratising education at all levels, starting with...
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Unacademy Acquires Wifistudy to Tap into the Test Prep Market
27Oct By Gauri SinghNo Comments
ACQUISITION

Unacademy Acquires Wifistudy to Tap into the Test Prep Market

Bengaluru-based online education company Unacademy has acquired Jaipur-based online exam preparation platform and career portal Wifistudy in a bid to tap into the test prep market. The amount of the deal was around $10 million, mostly consisting of stock. The following acquisition will assist Unacademy to establish its existence in smaller Indian towns and cities where WiFiStudy has a stronghold. While it is a complete acquisition, Wifistudy will continue to operate independently under the leadership of Dinesh Godara, its co-founder and chief executive. “In the last few years, we have steadily grown with over 5,000 active educators who are imparting education to millions of learners. Getting WiFiStudy on board just seemed like the logical next step,” Gaurav Munjal said. "With over 4.5 ...
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Unacademy Raises $21 Million in Series C Funding Round
17Jul By Gauri SinghNo Comments
FUNDING

Unacademy Raises $21 Million in Series C Funding Round

Online learning platform Unacademy has secured $21 million in a series C funding round. This funding round saw the participation of Sequoia India, SAIF Partners, Nexus Venture Partners and other existing investors as well. Followed by this funding round, the valuation of the company crossed $100 million. Apart from the above-mentioned investors, Blume Ventures also participated in this round. Gaurav Munjal, co-founder and CEO of Unacademy, said, “Right from the outset, we have focused on growing the platform by empowering the best educators. We have grown tremendously since our inception, and just last month, more than 3,000 educators were active on the platform and lessons created by them were watched more than 40 million times by learners.” The company plans to utilize the funds so ...
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Educational Tech Startup Raises INR 3.84 Crore From Sequoia Capital
7May By Sheldan RungasamyNo Comments
FUNDING

Educational Tech Startup Raises INR 3.84 Crore From Sequoia Capital

Unacademy, an edtech startup raised INR 3.84 crore funding from existing investors – Sequoia Capital, Saif Partners, Nexus Venture Partners and Blume Ventures in a Series B equity round. Its parent company, Sorting Hat Technologies Private Limited allotted 400 Series B1 preference shares of Rs 100/- each and a premium of Rs 96,127.10/- per share. Previously, Unacademy raised an INR 75 crores Series B round in September 2017 led by Sequoia Capital and Saif Partners along with the participation of several other investors, notably, Nexus Venture Partners and Blume Ventures. Unacademy was founded by Gaurav Munjal, who is now CEO of Flatchat, Roman Saini, Hemesh Singh and Sachin Gupta. Initially, the edtech startup operated as a YouTube channel but its popularity propelled the platform...
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Online Education Platform Raises 3 Crore Funding
24Apr By NitishNo Comments
FUNDING

Online Education Platform Raises 3 Crore Funding

Leading online curated learning platform Career Anna has raised Rs 3 crore funding structured financing from a group of angel investors. The Funding will be used to launch a series of online learning programs like Artificial Intelligence, Data Science, Machine Learning, Deep Learning, DevOps and other new-technology fields where demand for talent far exceeds supply. Founded in 2014, Career Anna is on the mission to empower over 500 million students and professionals across India and emerging countries, with opportunities and skills in high growth careers of their choice. The efforts aim at providing an end to end solution to the opportunities, skill and employability problem as per industry needs. With a vision to transform over 1 million lives by 2020, Career Anna has already po...
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Unacademy Collaborates With TapChief to Help Students Land Their First job
24Jan By AnkitaNo Comments
BUSINESS

Unacademy Collaborates With TapChief to Help Students Land Their First job

Employment opportunities have boomed over the years which have left fresh graduates with more than enough options to choose from. However, that has not sweetened the deal for them. Fresh graduates today, and even experienced professionals, find themselves confused about the career path they should embark upon. To make matters worse, no substantial professional help is available. India's leading online learning platform - Unacademy, in collaboration with leading career advice platform - TapChief , has launched courses on job preparation for freshers, recent graduates, and working professionals. The scopes of courses on offer include career counselling, skill development, switching jobs, and other related aspects. What sets these courses apart from the other content available online is th...
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Ex-IAS Officer Led Startup Unacademy Raised $500,000
12May By AdityaNo Comments
FUNDING

Ex-IAS Officer Led Startup Unacademy Raised $500,000

Led by Ex-IAS officer, Unacademy a education technology platform has raised $500,000 led by Blume Ventures. Google's Rajan Anandan, CommonFloor founder Sumit Jain and redBus founder Phanindra Sama, among others has also participated. "Unacademy's vision is to distribute knowledge of the educators and innovators in the form of mini courses having lessons of not more than 10 minutes each," said Gaurav Munjal, CEO, Unacademy, who started the company along with 24-year old Roman Saini. "Delivery of education in India needs radical shifts," and Karthik Reddy,Managing Partner, Blume Ventures. "Unacademy is a manifestation of the team's vision to make all forms of educative material so intuitive and accessible that learning becomes extremely interesting and scalable," he added. ALSO ...
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From Flatchat to Unacademy to Convincing an IAS to Quit his job – Gaurav Munjal’s Story
11Jan By No Comments
BLOGS

From Flatchat to Unacademy to Convincing an IAS to Quit his job – Gaurav Munjal’s Story

(The article was written by Gaurav Munjal in November 2015) As I look back at the journey of Flat.to, and now Flatchat, I remember my college days when a broker would give me 10% commission for every friend I referred to him. Soon we ended up creating a small platform for students to help them find accommodation in Juhu and Andheri. Then magic started to happen, a few months later I met Aakrit Vaish who came to give a guest talk at my college and he immediately offered me funding. I didn’t take it, because at that point of time according to everyone else leaving Directi’s offer would have been stupid. In retrospect, one year of Directi was an experience I kind of needed because it helped me a lot in the way I have done things in the companies I started. But then one year later I did ...
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