Unacademy, the popular online learning technology platform is gearing up towards raising a series-C funding round of $25-30 million led by Sequoia Capital along with another clutch of investors.
The investment round will bring company’s valuation close to around $100 million.
Pixr8 had earlier reported Unacademy raising an INR 75 crores Series B round in September 2017 led by Sequoia Capital and Saif Partners along with Nexus Venture Partners and Blume Ventures.
The Bengaluru-based startup is now India’s largest educational platform, helped over 300,000 students prepare to crack competitive examinations through over 2,400 online lessons, and specialized courses. It has an impressive board of educators on board ranging from influencers like Dr Kiran Bedi to teachers in smaller towns and cities such as Dhiraj Singh Chouhan in Jagdalpur and Yasmin Gill in Panchkula.
The company might look forward to deepening its presence expanding its areas like K-12 and competitive exams like JEE, according to the above-quoted sources. Unacademy at present has around two million subscribers on its YouTube online channel.
The education tech space in India abbreviated as ed-tech is expected to grow almost eight times to hit $1.96 billion by 2021, as predicted by a joint report from Google and consultancy firm KPMG. Meanwhile, Sequoia Capital to has played a significant role backing well-funded players like Byju’s and Cuemath.