Total amount raised
$500K
Latest funding date
5/1/2016
Location
Unacademy has successfully raised funds through 12 funding rounds, with the latest being a Series H round led by Temasek Holdings. The platform is backed by notable investors such as Mirae Asset Venture Investment and General Atlantic.
Keep reading to explore the intricacies of Unacademy's fundraising journey and the investors backing this innovative platform.
What Is Unacademy?
Unacademy, based in Bangalore, Karnataka, India, is a prominent player in the EdTech industry. The platform offers a wide range of educational content, including video lectures and exam preparation materials, catering to over 200 different exams. With a significant workforce of 1001-5000 employees, Unacademy is dedicated to democratizing education and making it accessible to all.
Founded by a team of visionary educators, Unacademy has grown to become India's largest learning platform, trusted by over 10 crore learners. The company provides daily live classes, interactive features, and a robust app for flexible learning, ensuring that students can achieve their academic goals with the help of top educators.
How Much Funding Has Unacademy Raised?
- Series A
- Amount Raised: USD 4,500,000
- 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 reach and enhance its educational offerings.
- Series B
- Amount Raised: USD 11,500,000
- Date: September 2017
- Lead Investors: Elevation Capital, Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve the platform's technology.
- Series C
- Amount Raised: USD 21,000,000
- 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 the course offerings and onboard more educators.
- Series D
- Amount Raised: USD 50,000,000
- 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 the platform's infrastructure and support rapid growth.
- Series E
- Amount Raised: USD 110,000,000
- Date: February 2020
- Lead Investors: General Atlantic, Meta, Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's reach and invest in new technologies.
- Series F
- Amount Raised: USD 150,000,000
- Date: September 2020
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enhance its educational offerings.
- Series Unknown
- Date: November 2020
- Lead Investors: Dragoneer Investment Group, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion plans.
- Secondary Market
- Amount Raised: USD 50,000,000
- Date: January 2021
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and support further growth.
- Series Unknown
- Date: February 2021
- Lead Investors: Sachin Tendulkar
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue expanding the platform's offerings and reach.
- Series H
- Amount Raised: USD 440,000,000
- Date: August 2021
- Lead Investors: Temasek Holdings
- Valuation at Round: USD 3,440,000,000
- Motivation Behind the Round: To scale products, innovate, and create value for shareholders.
Total Amount Raised: USD 837,000,000. Current Valuation: USD 3,440,000,000.
Key Investors
- Temasek Holdings
- Details: Temasek Holdings is a global investment company headquartered in Singapore. It is known for its diverse portfolio and significant investments in various sectors worldwide.
- Investment Focus Areas: Financial services, telecommunications, media & technology, transportation & industrials, consumer & real estate.
- Notable Investments: Alibaba, Airbnb, Tencent.
- General Atlantic
- Details: General Atlantic is a global growth equity firm providing capital and strategic support for growth companies. It focuses on delivering long-term value through its investments.
- Investment Focus Areas: Technology, consumer, financial services, healthcare.
- Notable Investments: Airbnb, Uber, Slack.
- 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. It is known for its aggressive investment strategy.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is a venture capital fund investing in technology companies. It is part of the Japanese multinational conglomerate SoftBank Group.
- Investment Focus Areas: Technology, AI, robotics, IoT.
- Notable Investments: Uber, WeWork, ByteDance.
- Mirae Asset Venture Investment
- Details: Mirae Asset Venture Investment is a global financial services group based in South Korea. It offers asset management, wealth management, investment banking, and life insurance services.
- Investment Focus Areas: Asset management, wealth management, investment banking, life insurance.
- Notable Investments: Naver, Kakao, Tencent.
What's Next for Unacademy?
Unacademy stands at the cusp of significant opportunities, driven by its recent $440 million funding round. The platform is poised to expand its educator and learner network, leveraging its substantial capital to enhance its technological infrastructure and diversify its educational offerings. With a valuation of $3.44 billion, the potential for growth is immense, particularly in the burgeoning online education market.
Future fundraising opportunities appear promising, as Unacademy's rapid growth and high valuation make it an attractive candidate for further investment. The company may continue to attract significant capital to support its expansion and acquisition strategies, ensuring it remains competitive in the dynamic edtech landscape.
However, Unacademy faces challenges such as intense competition from other edtech giants and the need to maintain growth momentum. Integrating newly acquired companies and ensuring the quality of educational content will be crucial for sustaining its success. Navigating these challenges will be essential for Unacademy as it continues to scale and innovate in the ever-evolving education sector.
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