Unacademy funding | Pixr8 News

Unacademy Raises $150 Million at $1.5 Billion Valuation

3Sep By PriyankaNo Comments

FUNDING

Unacademy Raises $150 Million at $1.5 Billion Valuation

India based Edtech firm Unacademy raises $150 million in funding led by Softbank Vision Fund 2 along with participation from existing investors including Facebook. The fresh fund infusion values Unacademy at $1.5 billion, Unacademy co-founder Gaurav Munjal told Pixr8 News. "Unacademy plans to utilise the funds to launch new products and build a world-class team and organisation. We have recently launched a chess course where Viswanathan Anand (Indian chess grandmaster) gives training. We will innovate and launch programs in several new categories," Munjal said. General Atlantic, Sequoia Capital, Nexus Venture Partners, Facebook, and Blume Ventures also participated in the round, the company said in a statement. Unacademy saw close to three-fold jump in its valuation in the lat...

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...

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...

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 ...

Unacademy Looking to Raise $30-35 Million

26Feb By AnkitaNo Comments

FUNDING

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...