STOCK MARKET BSE NSE

Unacademy raises USD 440 million in fresh funding, currently at USD 3.44 billion valuation

Over the last 18 months, the valuation of the Unacademy Group has risen almost 10X, one of the fastest growth rates witnessed by a mid-stage consumer internet startup in India, the statement said.

Published: 02nd August 2021 09:36 AM  |   Last Updated: 02nd August 2021 01:05 PM   |  A+A-

Unacademy

Unacademy was founded in 2015 by Gaurav Munjal, Roman Saini, and Hemesh Singh.

By PTI

BENGALURU: Learning platform Unacademy on Monday, August 2, 2021, announced it has raised USD 440 million in a funding round led by Temasek, with super pro-rata participation from General Atlantic, Tiger Global, and Softbank Vision Fund.

The latest fundraise takes the valuation of Unacademy Group to USD 3.44 billion, it said in a statement.

The Series H funding round also witnessed participation from Aroa Ventures, the family office of OYO Founder Ritesh Agarwal, and Deepinder Goyal, Co-Founder and CEO at Zomato.

Some angel investors of Unacademy have exited in this round, it said.

Over the last 18 months, the valuation of the Unacademy Group has risen almost 10X, one of the fastest growth rates witnessed by a mid-stage consumer internet startup in India, the statement said.

The latest round follows one in January 2021 when Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic doubled down on their earlier investments through a secondary transaction, it was stated.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp