Latest funding follows around in Sept when SoftBank Vision Fund 2 invested in the company, along with existing investors General Atlantic, Sequoia Capital, Nexus Venture Partners, Facebook, and Blume Ventures
New Delhi, NFAPost: Unacademy, India’s leading learning platform, announced it has raised a fresh investment round from Tiger Global Management and Dragoneer Investment Group.
The funding round values Unacademy Group at $2 Billion. The latest fund raise follows a round in Sept. 2020 when the company raised an investment of $150 Million in a round led by SoftBank Vision Fund 2. At that time, Unacademy was valued at $1.45 Billion.
Unacademy Cofounder and CEO Gaurav Munjal said the company’s mission from Day One has been to democratise education and make it more affordable and accessible.
Education to everyone
“We have consistently built the most iconic products that deliver high-quality education to everyone. Today, I’m delighted to welcome Tiger Global and Dragoneer as our partners in the journey. They are both marquee global investors with a history of partnering with innovative companies that are making an impact on people’s lives,” said Unacademy Cofounder and CEO Gaurav Munjal.
Unacademy Group is India’s largest learning platform with 47,000+ Educators, teaching in over 14 Indian languages, and Leaners spread across 5,000 cities. Over 150,000 live classes are conducted on the platform each month and the collective watch time across platforms is over 2 Billion minutes per month.
Tiger Global Partner Scott Shleifer said the opportunity to improve lives through online education is enormous because of its sheer accessibility.
“The Unacademy team has innovated rapidly to build a leading platform that is taking education to the farthest corners of India. We are very excited to partner with Unacademy and look forward to seeing it scale further,” said Tiger Global Partner Scott Shleifer.
Unacademy was founded by Gaurav Munjal, Roman Saini, and Hemesh Singh in 2015. It was started as a YouTube channel by Gaurav Munjal in 2010. Headquartered in Bengaluru, Unacademy is India’s largest learning platform with a growing network of 47,000+ registered Educators and over 40 million Learners.
With education being imparted to students across 5,000 cities in India, in 14 Indian languages, Unacademy is changing the way India learns. Unacademy Group consists of Unacademy, PrepLadder, Mastree, CodeChef, and Graphy. The company is backed by prominent investors such as SoftBank Vision Fund 2, Facebook, General Atlantic, Sequoia India, SAIF Partners, Nexus Venture Partners, Steadview Capital, and Blume Ventures.