Unacademy is an educational technology organization based in Bangalore, India. Initiated in 2015, it is an Option that provides online education in India. It’s faculties consist of either student who has cracked different exams or mentors who have teaching experience. It gives online coaching for many exams in India like IIT JEE, NEET, UPSC.
Important Details – Unacademy
Education startup Unacademy said on it has raised a $50 million Series D round from US-based hedge fund Steadview Capital, as well as existing investors, venture capital firms Sequoia Capital India, Nexus Venture Partners, and Blume Ventures.
Angel investors Aakrit Vaish (co-founder & chief executive officer, Haptik) and Sujeet Kumar (co-founder, Udaan) also participated in the round, along with Unacademy founders, Gaurav Munjal, and Roman Saini.
Unacademy first began as a channel on YouTube in 2010 by Gaurav Munjal. In December 2015, Roman Saini and Hemesh Singh joined Gaurav Munjal to found the company as its own venture. The company is registered as Sorting Hat Technologies Pvt Ltd.
In August 2017, Bhavin Turakhia, entrepreneur and founder of Directi, joined the board. In 2018, Munjal, Singh, and Saini were included in the India version of Forbes 30 Under 30 for their work at Unacademy.
It has raised a total of $38.6 million in various funding rounds from investors including, Sequoia India, SAIF Partners, Nexus Venture Partners, and Blume Ventures. In July 2018, it raised $21 million in a Series C round of funding from Sequoia India, SAIF Partners, Nexus Venture Partners, and others.
They won the Digital Start-Up of the Year award at the IAMAI 12th India Digital Summit.
Number Of Acquisitions – 1
WiFiStudy acquired by Unacademy
WiFiStudy is an online education and career portal. This is one of the best platforms for competitors and job seekers.
Unacademy Acquired Wfifstudy company on 26th, October.