Unacademy raises $110M funding led by General Atlantic, Facebook & Sequoia

In addition to raising the funding, Unacademy also provided exits to some of the angel investors

e4m by exchange4media Staff
Updated: Feb 19, 2020 7:53 PM
Unacademy

Unacademy has raised a round of funding of $110M with new investors - Facebook and General Atlantic along with Sequoia India, Nexus Venture Partners, Steadview Capital and Blume Ventures. Kalyan Krishnamurthy, CEO, Flipkart and Sujeet Kumar, Co-founder, Udaan, also participated in this round of funding.

Unacademy will utilise the funding to further penetrate into the test preparation categories, launching more exam categories, acquiring top educators, and creating exceptional learning experiences for the learners through great content and product.

In addition to raising the funding, Unacademy also provided exits to some of the angel investors.

Gaurav Munjal, Co-Founder and CEO, Unacademy said: “Our goal from Day 1 has been to democratise education and make quality education accessible to everyone. We do that by bringing the best educators and content on our platform and ensuring it is accessible to everyone across the country. 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. Our goal is to democratise education and become not just the largest educational organisation but the largest consumer internet story out of India.”

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