Indian edtech platform Unacademy announces a $150 million fundraising led by SoftBank, with participation from existing investors General Atlantic, Sequoia Capital, Nexus Venture Partners, Facebook, and Blume Ventures.
With the funding, Unacademy’s valuation jumps to $1.45 billion, making it the second edtech unicorn after Byju’s in India.
Unacademy claims to have 30 million registered users, 350,000 paid subscribers and over 18,000 registered educators.
The company said that in the past three months, the paid subscriber base and average daily watch time across its platforms has doubled. The monthly watch time minutes also reached an all-time high of over 2 billion.
Apart from fundraising, Unacademy has made three acquisitions this year. In April, it acquired online exam preparation platform Kreatryx, then bought online coding platform CodeChef in June, and then medical preparation platform PrepLadder in July.
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