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Bengaluru-based Unacademy raises new funds from Tiger International Administration and Dragoneer Funding Group – Enterprise Information , Firstpost

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Unacademy raises new funds for the third time this 12 months taking its valuation to $2 billion.

Unacademy, a web-based Indian schooling platform, has raised a confidential quantity of funding in a brand new spherical from Tiger International Administration and Dragoneer Funding Group taking the corporate’s valuation to $2 billion. That is the third time the corporate’s fundraising and valuation have elevated. The corporate was based by Gaurav Munjal, Roman Saini and Hemesh Singh in 2015, however initially, it was a Youtube channel began in 2010 by Gaurav Munjal.

Unacadamey’s first spherical of funds got here in February when it raised $110 million from Fb, Common Atlantic and others, bringing its valuation to $510 million. The second got here two months in the past in September 2020, when it raised one other $150 million in a spherical led by SoftBank valuing it at $1.45 billion.

The platform has over 47,000 educators who educate in additional than 14 languages unfold throughout 5000 cities. Over 1,500 stay courses are performed each day and greater than 3.2 billion minutes have been watched with over 2 million views every month, studies Unacademy in its weblog.

“Our mission from Day One has been to democratise schooling and make it extra reasonably priced and accessible. We’ve persistently constructed essentially the most iconic merchandise that ship top quality schooling to everybody. As we speak, I’m delighted to welcome Tiger International and Dragoneer as our companions within the journey. They’re each marquee world buyers with a historical past of partnering with revolutionary firms which are making an affect on folks’s lives,” mentioned Gaurav Munjal, co-founder and chief government of Unacademy mentioned in a blog post.

“The chance to enhance lives by on-line schooling is gigantic due to its sheer accessibility. The Unacademy group has innovated quickly to construct a number one platform that’s taking schooling to the farthest corners of India. We’re very excited to companion with Unacademy and look ahead to seeing it scale additional,” mentioned Scott Shleifer, Associate at Tiger International, in a press release.

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