Unacademy Raises $440 Million In Fresh Funding At $3.44 Billion Valuation
Unacademy Raises $440 Million In Fresh Funding At $3.44
Billion Valuation
Mumbai, August 2, 2021: Unacademy, Indiaās largest learning platform, today
announced it has raised $440 million in a funding round led by Temasek, with
super pro-rata participation from General Atlantic, Tiger Global, and Softbank
Vision Fund. The latest fundraise takes the valuation of Unacademy Group to
$3.44 billion.
Over the last 18 months, the valuation of the
Unacademy Group has risen almost 10X, one of the fastest growth rates witnessed
by a mid-stage consumer internet startup in India. The latest round follows one
in January 2021 when Tiger Global, Dragoneer Investment Group, Steadview
Capital and General Atlantic doubled down on their earlier investments through
a secondary transaction.
About Unacademy Group:
Unacademy was founded by Gaurav Munjal, Hemesh Singh, and Roman Saini in 2015.
Started as a YouTube channel by Gaurav Munjal in 2010, Unacademy is Indiaās largest learning platform with a growing network of 50,000+ registered Educators and over 62 million Learners. With education being imparted in 14 Indian languages to learners across 5,000 cities, Unacademy is changing the way India learns. Unacademy Group comprises Unacademy, Graphy, Relevel and CodeChef.