• About
  • Contact
Sunday, April 11, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home News

Unacademy Raises Fresh Funding From Tiger Global At $2 Billion Valuation

Pritish raj by Pritish raj
November 26, 2020
in News
2 min read
0
Unacademy Funding- Next Big Brand

Unacademy Funding- Next Big Brand

Share on FacebookShare on Twitter
  • Edtech unicorn Unacademy said it has raised funds from US-based Tiger Global Management & Dragoneer Investment Group at a valuation of $2 bn.

Two more flagship investors have been added to its cap table by Unacademy, an online learning platform in India. The start-up based in Bangalore, which focuses on K-12 online education, said it raised new funds from Tiger Global Management and Dragoneer Investment Group on Wednesday.

The funding round, ranging in size from $75 million to $100 million (according to a person familiar with the matter; the amount has not been disclosed by Unacademy), priced the four-and-a-half-year-old company at $2 billion, up from around $500 million in February this year when Facebook joined its list of supporters and $1.45 billion in September when SoftBank led the round.

Our goal from Day One has been to democratize and make education more available and affordable. We have continuously created the most popular brands that provide everyone with a high-quality education. Today, I am pleased to welcome Tiger Global and Dragoneer as our travel partners.

Gaurav Munjal, co-founder, and chief executive of Unacademy, said in a statement that they are both marquee global investors with a history of partnering with innovative companies that have an impact on people’s lives.

As well as those taking graduate-level classes, Unacademy helps students prepare for competitive tests to get into college. Students watch live lessons from educators on its app and later participate in sessions to discuss subjects in more depth. In recent months, the start-up has conducted many online interviews on a variety of topics with high-profile individuals, such as Indian politician Shashi Tharoor, which has broadened its attractiveness beyond its student base.

The platform has drawn over 47,000 educators who teach more than 14 languages to students in 5,000 cities in India. Every month, over 150,000 live classes are conducted on the platform and the cumulative watch time across platforms is more than 2 billion minutes per month, the start-up said.

“Because of its sheer accessibility, the potential to better lives through online education is immense. To establish a leading forum that brings education to the farthest corners of India, the Unacademy team has rapidly innovated. In a tweet, Scott Shleifer, partner at Tiger Global, said that we are very excited to partner with Unacademy and look forward to seeing it grow further.

In recent months, scores of education start-ups in India have recorded skyrocketing growth as schools remain closed across the nation in the midst of the coronavirus pandemic. The education category is an outlier, even though most Indians prefer not to pay for online services, just ask Google and Facebook, both of which count India as their largest consumer market but make little in the region. In hopes of paving the way for a better future, Indian families continue to invest heavily in their children’s education.

Previous Post

Publishing Platform Pratilipi Acquires Podcast Company IVM Podcasts

Next Post

Salesforce Inc. Is In Talks To Acquire Workplace Application Slack

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Jeff Bezos to Step Down as CEO of Amazon Later This Year
Industries

Here is the List of Top 10 Richest Persons in the World of 2021

April 9, 2021
Industries

Nike is the Undisputed King among Apparel Brands: Brand Finance Study

April 9, 2021
Gupshup Raises $100 Million, Joins Unicorn Club
Media

Gupshup Raises $100 Million, Joins Unicorn Club

April 8, 2021
Twitter Had Discussions to Acquire Clubhouse
Internet

Twitter Had Discussions to Acquire Clubhouse

April 8, 2021
ShareChat Raised $502 Million at a Valuation of $2.1 Billion
Internet

ShareChat Raised $502 Million at a Valuation of $2.1 Billion

April 8, 2021
Groww Joins Unicorn Club with $83 Million Funding raise
News

Groww Joins Unicorn Club with $83 Million Funding raise

April 8, 2021
Next Post
Salesforce Inc. Is In Talks To Acquire Workplace Application Slack

Salesforce Inc. Is In Talks To Acquire Workplace Application Slack

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

oppo K1

Oppo To Launch K1 In India On February 6th

2 years ago
pewidipie-next-big-brand

The most-viewed creators on YouTube in 2019 include PewDiePie, Dude Perfect, Azzyland and others

1 year ago
Forbes India Rich List- Next Big Brand

Forbes India Rich List Sees Big Gainers Despite Economic Slowdown

1 year ago
youtube revenue users -next-big-brand

These are the most viewed Indian ads according to Youtube Ad Leaderboard 2019

1 year ago

FOLLOW US

  • 33.4k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Top 5 Made in India Short Video Apps Winning the Game in India
  • Here is the List of Top 10 Richest Persons in the World of 2021
  • Nike is the Undisputed King among Apparel Brands: Brand Finance Study

Instagram

Follow Me!

Latest News

Top 5 Made in India Short Video Apps Winning the Game in India

Top 5 Made in India Short Video Apps Winning the Game in India

April 10, 2021
Jeff Bezos to Step Down as CEO of Amazon Later This Year

Here is the List of Top 10 Richest Persons in the World of 2021

April 9, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.