Thursday, October 3

Unacademy Looking to Raise $30-35 Million

Bengaluru based online education platform Unacademy is in talk with investors to raise $30-35 million. The funding will use to expand Unacademy base in international market.

In September, Unacademy had raised $11.5 Million from Sequoia and SAIF partners. The valuation of education platform is around $40-50 million and after $35 million funding the valuation will be close to b/w $110-130 million.

As per the Livemint report, Out of $35 Million, half the funding will infuse by the existing investors.

Unacademy, which was founded by CEO Gaurav Munjal, Roman Saini, Hemesh Singh and Sachin Gupta has over 50 employees & freelancers.

Unacademy didn’t respond to an email seeking comment.

Apart of Unacademy, Byjus an education based start-up for 4th-12th class attracts the venture capital investors.

Currently, Unacademy has at least 4,000 educators on its platform and a collection of over 50,000 online video lessons.

Unacademy launched its YouTube channel in 2010 and formed a company in 2015. Its India YouTube channel has garnered well over a million subscribers, and is currently among the top five Indian YouTube channels in the education category.