Monday, September 25, 2023

Indian Unacademy raised $440M at a $3.44 Valuation led by Temasek

Unacademy, one of India’s leading online education platforms, has raised $440 million in a funding round led by Temasek, a Singapore-based investment company. The funding round also saw participation from other investors like General Atlantic, Softbank Vision Fund, and others.

Unacademy has been on a growth spree since its inception in 2015. The platform started as a YouTube channel, but quickly evolved into a full-fledged education platform, offering courses on a wide range of subjects, including mathematics, science, humanities, and even competitive exams like the UPSC and JEE. The platform has over 50,000 registered educators and has served over 60 million learners.

The latest funding round is expected to help Unacademy accelerate its growth even further. The company plans to use the funds to expand its offerings, improve its technology, and hire more educators. The funding will also help Unacademy expand its reach to more learners, especially in tier 2 and tier 3 cities in India, where the demand for quality education is high but access is limited.

Unacademy has been at the forefront of the online education revolution in India, which has gained significant momentum in the past few years. With the pandemic-induced lockdowns, the demand for online education has skyrocketed, and Unacademy has been at the forefront of this trend. The platform has seen a surge in user engagement, with more and more learners signing up for courses. The platform has also been at the forefront of several initiatives to help learners cope with the challenges posed by the pandemic, such as offering free courses and hosting webinars.

The latest funding round is a testament to the platform’s success and the potential of the online education market in India. The online education market in India is expected to reach $10 billion by 2025, and Unacademy is well-positioned to capture a significant share of this market. With the latest funding, Unacademy has raised over $860 million to date, making it one of the most well-funded edtech companies in India.

In conclusion, Unacademy’s latest funding round is a significant milestone for the platform and the Indian edtech industry as a whole. The funds will help the platform continue its growth trajectory and expand its reach to more learners in India. With the online education market in India expected to grow rapidly in the coming years, Unacademy is well-positioned to take advantage of the trend and become a leading player in the industry.

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