Indian online learning platform Unacademy bags $440 million Series H led by Temasek
Indian online learning platform Unacademy has raised $440 million in a Series H financing round led by Temasek, bringing its total funding to about $860 million. The new round values the startup at $3.44 billion, up from $2 billion in November last year, according to TechCrunch.
Mirae Asset and existing investors including SoftBank Vision Fund 2, General Atlantic, Tiger Global as well as Zomato co-founder and chief executive Deepinder Goyal and Oyo founder Ritesh Agarwal also participated.
Founded in 2015, the Bangalore-based startup is a learning platform that provides content for major competitive examinations as well as offers short lectures in the form of videos on different subjects.
Unacademy said it has over 6 million monthly active users across over 10,000 cities in India, among which over 600,000 are paid users.
Gaurav Munjal, Unacademy co-founder and chief executive, said they will use the fresh capital to expand into new categories including upskilling, jobs and hiring.
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