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Jun, 27 2019

Edtech firm Unacademy raises $50 million in Series D funding

Presently, Unacademy has over 400 top educators from across India, taking live classes every day on Unacademy Plus.

Online learning platform Unacademy has raised $50 million in Series D funding round from Steadview Capital, Sequoia India, Nexus Venture Partners and Blume Ventures. The round has also seen participation from Aakrit Vaish, Co-Founder of tech firm Haptik and Sujeet Kumar, Co-Founder of business-to-business online marketplace Udaan, along with Unacademy Founders, Gaurav Munjal and Roman Saini.

Gaurav Munjal, Co-Founder and Chief Executive, Unacademy, said, “By leveraging technology and high-quality educators, we aim to move closer to our mission of democratising education at all levels, starting with test prep. We are seeing unprecedented growth and engagement from learners in smaller towns and cities, and are also very humbled to see that top-quality educators are choosing Unacademy as their primary platform to reach out to students.”

Presently, Unacademy has over 400 top educators from across India, taking live classes every day on Unacademy Plus.

Recently, the company launched its Plus Subscription, and since its launch, more than 50,000 learners have subscribed to Unacademy Plus. This service is available for over 20 exam categories and offers students unlimited access to live courses by top educators across the country. 

Shailendra Singh, Managing Director, Sequoia Capital (India) Singapore, stated, “Unacademy is a very meaningful ed-tech company in the making and Sequoia India is excited to invest significantly in this round. We were thrilled with how rapidly Gaurav (Munjal) and the team converted some of our collective product brainstorming sessions into an amazing live-streaming product and a subscription business for the test prep market.”

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