Unacademy turned unicorn in September 2020 following a $150 million funding round led by SoftBank that valued it at $1.45 billion. In November, it had secured another round from Tiger Global and Dragoneer Investment Group to ramp up its valuation to $2 billion.
Unacademy Group claimed to have over 48,000 educators on its platform and more than 1.5 lakh live classes being conducted every month. (Representational image: IE)Edtech unicorn Unacademy has concluded a new secondary transaction round with investors including Tiger Global, Dragoneer Investment Group, Steadview Capital, and General Atlantic increasing their stake in the company. With the latest round, the investors have acquired additional shares of $50 million, doubling down on their investment. The latest transaction has come after the November 2020 round when Tiger Global and Dragoneer Investment Group had backed Unacademy at a $2 billion valuation. Unacademy Group claimed to have over 48,000 educators on its platform and more than 1.5 lakh live classes being conducted every month even as it competes with Byju’s, Toppr, and others.
Unacademy turned unicorn in September 2020 following a $150 million funding round led by SoftBank that valued at $1.45 billion. The company had raised $110 million from Facebook, General Atlantic, and others in February last year at a valuation of around $510 million.
to be updated…
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