Unacademy

Unacademy

Unacademy is an education technology company offering an online learning platform and mobile learning application.

Unacademy's estimated revenue for FY19 was USD $1.7 million.

Timeline

September 2, 2020

Edtech firm Unacademy on Wednesday said it has raised an investment of $150 million (approximately Rs 1,098 crore) in a round led by Japanese conglomerate SoftBank, increasing the Bengaluru-based firm's valuation to $1.45 billion.

July 7, 2020

Unacademy acquires PrepLadder for $50 million.

June 26, 2019

$50 millio Series D financing.

Unacademy has raised $50 million Series D financing round was led by Steadview Capital, Sequoia India, Nexus Venture Partners and Blume Ventures, with Unacademy’s own co-founders Gaurav Munjal and Roman Saini also participating in it. The new round has raised close to $90 million to date.

October 26, 2018

Unacademy acquires WiFiStudy.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Unacademy funding round, June 2019
Series D round
50,000,000
June 26, 2019
Roman Saini
Unacademy Series E round March 2020
Series E round
110,000,000
March 2020
Facebook
Unacademy funding round, September 2017
Series B round
11,500,000
September 13, 2017
Blume Ventures
Unacademy funding round, January 2017
Series A round
4,500,000
January 13, 2017
Sachin Bansal
Unacademy funding round, August 2016
Seed round
1,000,000
August 24, 2016
Blume Ventures
Unacademy funding round, July 2018
Series C round
21,000,000
July 16, 2018
Blume Ventures
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News

Title
Author
Date
Publisher
Description
Samreen Ahmad & Bibhu Ranjan Mishra
September 2, 2020
@bsindia
In an interview with Samreen Ahmad and Bibhu Ranjan Mishra, Gaurav Munjal of Unacademy says the Covid-19 pandemic may have shortened the time the company has taken to achieve $1.45 billion valuation
IANS
September 2, 2020
@bsindia
Existing investors General Atlantic, Sequoia Capital, Nexus Venture Partners, Facebook, and Blume Ventures also participated in the round
Peerzada Abrar & Samreen Ahmad
September 2, 2020
@bsindia
Valuation jumps 3-fold in last six months to $1.45 billion; becomes the second unicorn in edtech space after Byjus
Saritha Rai | Bloomberg
September 2, 2020
@bsindia
Unacademy now has 30 million registered users and 350,000 paying subscribers, almost four times as many as in February. The platform has more than 18,000 registered educators.
Manish Singh
September 2, 2020
TechCrunch
India has a new unicorn startup. On Wednesday, Bangalore-based online learning startup announced it has raised $150 million in a new financing round that valued the Facebook-backed firm at $1.45 billion (post-money). SoftBank Group -- through its Vision Fund 2 -- led Unacademy's Series F financing round while existing investors Facebook, Blume Ventures, Nexus Partners, [...]
Press Trust of India
August 29, 2020
@bsindia
The 13th IPL is scheduled to be held in UAE from September 19 to November 10
Press Trust of India
August 12, 2020
@bsindia
A BCCI official confirmed that Unacademy has picked up the bid papers but refrained from making any comments beyond that
Press Trust of India
July 14, 2020
@bsindia
With this investment, Mastree will join the Unacademy Group, which consists of Wifistudy, Kreatryx, PrepLadder and CodeChef
Peerzada Abrar
July 8, 2020
@bsindia
Only 443 companies were funded in the January-June period this year against 725 in H1, 2019
Samreen Ahmad
July 7, 2020
@bsindia
This is the Bengaluru-based companys third acquisition this year after programming platform Codechef and exam preparation start-up Kreatryx
Samreen Ahmad
May 7, 2020
@bsindia
Unacademy says its internal investigation had found e-mail data of around 11 million users was compromised.
March 18, 2020
The Economic Times
Data modelling suggests that a lockdown now vs 30 days later might help save 5 times more lives, startups said.
Neha Alawadhi & Samreen Ahmad
March 12, 2020
@bsindia
Beginning Thursday, online learning giant Coursera said it is going to provide every impacted university in the world free access to its course catalogue through Coursera for Campus until July 31
Samreen Ahmad
February 19, 2020
@bsindia
Edtech firm raises $110 mn in round led by General Atlantic, with participation from Flipkart CEO Kalyan Krishnamurthy, udaan co-founder Sujeet Kumar among others
Manish Singh
June 26, 2019
TechCrunch
Big money continues to flow in India's growing education market. Bangalore-based Unacademy, which operates an online learning platform to help millions prepare for competitive exams in India, has raised $50 million to further scale its reach. The Series D financing round was led by Steadview Capital, Sequoia India, Nexus Venture Partners and Blume Ventures, with [...]

References

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