Unacademy Bags Fresh Funds; Valued at $2 Billion Now

CIO Insider Team

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

Commenting on the occasion, Scott Shleifer, Partner at Tiger Global, said, “The opportunity to improve lives through online education is enormous because of its sheer accessibility. The Unacademy team has innovated rapidly to build a leading platform that is taking education to the farthest corners of India. We are very excited to partner with Unacademy and look forward to seeing it scale further.”

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.

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