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Post $110 million funding, Unacademy is now worth $510 million


BENGALURU: Education technology startup Unacademy has raised $110 million from social networking giant Facebook and US private equity firm General Atlantic, at a post-money valuation of $510 million.

Existing investors Sequoia India, Nexus Venture Partners, Steadview Capital and Blume Ventures also participated in the round, apart from investments by Flipkart CEO Kalyan Krishnamurthy and Udaan cofounder Sujeet Kumar in their individual capacities.

Unacademy, which focuses on preparing students for competitive exams, said it would utilise the money to increase the number of competitive exams it currently services, bring top educators onto its platform and improve the quality of content.

“We started to monetise around a year ago, and in the first month, we made around Rs 2 crore in revenue, and last month we did around Rs 18 crore. So, we’ve grown 9X in 12 months and we plan to continue growing from here,” said Gaurav Munjal, CEO of Unacademy.

Unacademy says it has over 90,000 active subscribers who log in to be tutored via livestream by 10,000 educators on its platform.

The company also hosts video tutorials on YouTube, which it says receives over 150 million monthly views and acts as a funnel in bringing learners onto its platform.





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