Total amount raised
$500K
Latest funding date
May, 2016
Location
Unacademy has successfully raised significant funding across multiple rounds, with its latest being a Series H. The platform offers a wide range of educational content, including video lectures and exam preparation materials.
Keep reading to explore the intricacies of Unacademy's fundraising journey and the investors backing this innovative platform.
What Is Unacademy?
Unacademy, founded in 2015, is an online learning platform based in Bangalore, India. The company was initially created in 2010 as a YouTube channel before officially launching as a platform.
Founded by Gaurav Munjal, Hemesh Singh, Roman Saini, and Sachin Gupta, Unacademy offers a wide range of educational content, including video lectures, live classes, and exam preparation materials. The platform aims to democratize education and make it accessible to all.
With a workforce of 1001-5000 employees, Unacademy continues to grow, providing resources for various competitive exams and academic courses. The platform also includes physical centers for in-person classes and doubt-solving sessions.
How Much Funding Has Unacademy Raised?
- Series A
- Amount Raised: $4.5M
- Date: January 2017
- Lead Investors: Blume Ventures, Nexus Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's educational offerings and increase user acquisition.
- Series B
- Amount Raised: $11.5M
- Date: September 2017
- Lead Investors: Elevation Capital, Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's technology infrastructure.
- Series C
- Amount Raised: $21M
- Date: July 2018
- Lead Investors: Elevation Capital, Nexus Venture Partners, Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand content offerings and enter new educational segments.
- Series D
- Amount Raised: $50M
- Date: June 2019
- Lead Investors: Blume Ventures, Nexus Venture Partners, Peak XV Partners, Steadview Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance user experience and expand the educator base.
- Series E
- Amount Raised: $110M
- Date: February 2020
- Lead Investors: General Atlantic, Meta, Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and invest in new technologies.
- Series F
- Amount Raised: $150M
- Date: September 2020
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product offerings.
- Venture Round
- Amount Raised: Not disclosed
- Date: November 2020
- Lead Investors: Dragoneer Investment Group, Tiger Global Management
- Valuation at Round: $2B
- Motivation Behind the Round: To scale the platform and expand its user base.
- Secondary Market
- Amount Raised: $50M
- Date: January 2021
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Venture Round
- Amount Raised: Not disclosed
- Date: February 2021
- Lead Investors: Sachin Tendulkar
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage celebrity endorsement for brand enhancement.
- Series H
- Amount Raised: $440M
- Date: August 2021
- Lead Investors: Temasek Holdings
- Valuation at Round: $3.44B
- Motivation Behind the Round: To scale products and provide exits to early investors.
Total Amount Raised: $837M. Current Valuation: $3.44B.
Key Investors
- Temasek Holdings
- Details: Temasek Holdings is a state-owned investment company based in Singapore. It is known for its diverse portfolio and significant investments in various sectors globally.
- Investment Focus Areas: Financial services, telecommunications, media & technology, transportation & industrials, consumer & real estate.
- Notable Investments: Alibaba, Airbnb, Ant Financial.
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is a venture capital fund managed by SoftBank Group, a Japanese multinational conglomerate. The fund focuses on investing in technology-driven companies.
- Investment Focus Areas: AI, robotics, IoT, telecommunications.
- Notable Investments: Uber, WeWork, ByteDance.
- General Atlantic
- Details: General Atlantic is a global growth equity firm providing capital and strategic support for growth companies. It has a strong focus on long-term investments.
- Investment Focus Areas: Consumer, financial services, healthcare, technology.
- Notable Investments: Airbnb, Alibaba, Box.
- Tiger Global Management
- Details: Tiger Global Management is an American investment firm that focuses on public and private companies in the global Internet, software, consumer, and financial technology industries.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Meta
- Details: Meta, formerly known as Facebook, is a leading technology company specializing in social media and virtual reality. It has made several strategic investments to expand its technological capabilities.
- Investment Focus Areas: Social media, virtual reality, technology.
- Notable Investments: Oculus VR, WhatsApp, Instagram.
What's Next for Unacademy?
Unacademy stands at the cusp of immense opportunities, driven by the burgeoning demand for online education. With a valuation of $3.44 billion and recent funding of $440 million, the platform is poised to scale its offerings, including Relevel and Graphy, and expand into new markets. The edtech sector's rapid growth, accelerated by the pandemic, presents a fertile ground for Unacademy to innovate and capture a larger market share.
Future fundraising appears promising, with strong investor confidence from major players like Temasek and SoftBank. This financial backing could fuel further technological advancements and potential acquisitions, enhancing Unacademy's competitive edge. However, the company must navigate challenges such as intense competition and maintaining high-quality content while scaling rapidly. Balancing growth with quality will be crucial for sustaining its market position.
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