Unacademy Bags Fresh Funds; Valued at $2 Billion Now
Indian Edtech unicorn Unacademy announces fresh influx of an undisclosed amount from US-based Tiger Global Management and Dragoneer Investment Group, taking the company’s valuation to $2 billion. The latest funding follows a round in September 2020 that saw the company raising an investment of $150 Million from SoftBank Vision Fund 2. At that time, Unacademy was valued at $1.45 Billion.
In a statement, Gaurav Munjal, Co-Founder and CEO, Unacademy, said, “Our mission from Day One
has been to democratize education and make it more affordable and accessible. We have consistently built the most iconic products that deliver high quality education to everyone. Today, I’m delighted to welcome Tiger Global and Dragoneer as our partners in the journey. They are both marquee global investors with a history of partnering with innovative companies that are making an impact on people’s lives.”
Unacademy is one the startups that became a unicorn amidst the pandemic
Unacademy is one the startups that became a unicorn amidst the pandemic. The Group is one of India’s largest learning platforms with 47,000+ Educators, teaching in over 14 Indian languages. The app has leaners spread across 5,000 cities.