your password has been reset successfully, Please login again.

Unacademy Obtains INR 346 Funds in Series D Funding Round

Unacademy Obtains INR 346 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.

Please add your Comment
SIMILAR News
July 20, 2019
Reliance Brands, a division of Reliance Industries, has acquired the British toy retailing firm, Ham ...More
By Jaspreet Kaur
July 20, 2019
The acquired plant is presently producing 2.1 million bags of intravenous infusions every month.  ...More
By Jaspreet Kaur
July 19, 2019
The companies said in a statement, “they have also reached an agreement that will make eBay inventor ...More
By Jaspreet Kaur
July 18, 2019
Software company, Ebix Inc. proclaimed to have signed a concord to buy Yatra Online Inc. in a transa ...More
By Jaspreet Kaur
July 18, 2019
Delhi-based Procol will use the funding to scale its procurement platform and begin deploying other ...More
By Jaspreet Kaur
July 17, 2019
As per the concord, Cipla will invest around INR 164 crore in the joint venture for 4 years, said th ...More
By Jaspreet Kaur
July 17, 2019
Valberg has made INR 3 crore investment in the agri-marketing company, which is a part of $90 millio ...More
By Jaspreet Kaur
July 16, 2019
The VC firm, Unicorn will search for startup companies in various sectors like fin-tech, robotics, g ...More
By Jaspreet Kaur
July 16, 2019
Ecozen essentially creates products which are targeted at farmers in order to help them grow yields, ...More
By Jaspreet Kaur
July 15, 2019
Indian student housing firm, Stanza Living has proclaimed to have received funds in Series C round, ...More
By Jaspreet Kaur
July 12, 2019
Rivigo Services essentially administers a “relay trucking” model, in which truck drivers don’t opera ...More
By Jaspreet Kaur
July 12, 2019
Original4Sure, the startup company with its online platform, rendering its clientele with insights a ...More
By Jaspreet Kaur