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Unacademy Obtains INR 346 Crore Funds in Series D Funding Round

Unacademy Obtains INR 346 Crore Funds in Series D Funding Round
BY BEx Bureau
BusinessEx
Jun 27, 2019

The Indian ed-tech company, Unacademy proclaimed that the company has obtained INR 346 crore funds in Series D round of funding from investors. Steadview Capital, Nexus Venture Partners, Blume Ventures and Sequoia Capital are some of the investors, according to a media report.

Haptiks Co-founder and CEO, Aakrit Vaish and Udaans Co-founder, Sujeet Kumar also partaken in the round. Unacademys founders, Gaurav Munjal and Roman Saini also invested money, Unacademy said in its statement.

Unacademy, which is administered by Sorting Hat Technologies, was initially an educational channel on Youtube run by Hemesh Singh, Sachin Gupta and Munjal Saini.

The ed-tech company said it will deploy capital to bring more educators on the platform, boost growth across various exam categories and construct a first-rate product as well as a team.

The company has over 10,000 educators and 13 million learners, as per the companys statement.

Lately, The ed-tech firm released Unacademy Plus, which provides users access to live courses. The startup firm proclaims that over 50,000 learners have subscribed to its newly launched subscription model, Unacademy Plus.

"We have more than 400 top educators from across the country taking live classes every day on Unacademy Plus," said Munjal, co-founder and CEO, Unacademy told the daily news, VC Circle.

"This is available to every student, irrespective of their location," Munjal added.

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