With the latest round, Unacademy has financed $ 38.6 million so far. Unacademy, which first started in 2010 as a channel on Youtube, offers online classes for competitive exams like UPSE, CAT, IIT JEE and SSC.
Bangalore-based online learning platform Unacademy has raised $ 21 million (about Rs 144 crore) in funding from Sequoia India, SAIF Partners and Nexus Venture Partners. Blue Ventures’ participation in CC Round was also seen.
With the latest round, Unacademy has financed $ 38.6 million so far. Unacademy, which first started in 2010 as a channel on Youtube, offers online classes for competitive exams like UPSE, CAT, IIT JEE and SSC.
Speaking about the plan to use Unacademy’s new funding, Unacademy co-founder and CEO Gaurav Munjal said: “The use of funds raised on the platform, including newboards onboard, pre-medical, gate and cat categories In order to strengthen the main product and technology team. “
According to Munjal, the company has seen strong growth in the business over the past several months. “We have grown a lot since our establishment, and last month, more than 3,000 teachers were active on stage and their lessons were more than 40 million times by the learners. To do the investment. Technology, “he said.
In 2015, the academy was established by Gaurav Mungal, Roman Saini and Hemesh Singh.
In October last, Adtech Start-Up started a ‘plus’ course on its platform and saw a six-fold increase in its monthly revenue. Munjal hopes that the company will have 10,000 teachers in the next few months.