Unacademy has raised undisclosed funds, valuing the edtech startup at $2 billion. Later Stage VC: 25-Nov-2020: $87.5M: 00000: 000: Completed: Generating Revenue: 8. The latest deal follows a round in November when Tiger Global and … On Wednesday, September 2, Unacademy founder Gaurav Munjal revealed his company’s valuation on Twitter. The platform has more than 47,000 educators, who impart lessons in 14 Indian languages to 40 million learners across 5,000 cities and towns. Unacademy was a sponsor of the recently-concluded IPL, and its brand would’ve received unprecedented visibility over the last couple of months. We don’t have the best sales engine yet, and we are working towards that," Gaurav noted. “Our goal always has been to democratise knowledge and make it more affordable and accessible by getting the best experts of the world help everyone achieve their goals. Be it our content channels or user acquisition strategy or teachers. Unacademy, another promising ed-tech startup, achieved unicorn status in 2020, hitting $2 billion in valuation after global technology giant Facebook invested in the company. Deal helps Tiger Global, Dragoneer Investment Group, Steadview Capital and … Scott Shleifer, Partner at Tiger Global, said in a statement: At present, Unacademy clocks over two billion watch minutes across 150,000 live classes per month. Nishant Kumar. Hindi CA Foundation Course. Binu Paul 27 Nov, 2020 Edtech startup Unacademy, in the last week of November, added two large global investors to its cap table at a significantly higher valuation. While BYJU’s went on to become the world’s most valued edtech startup, Unacademy joined the unicorn club with a valuation of over $2 billion. Also Read | IPL 2020: BCCI Announces Edutech Firm Unacademy As The Official Partner For Three Seasons. The latest fundraise follows funding round in September when the company raised an investment of $150 million in a round led by SoftBank Vision Fund 2 at a $1.45 billion valuation The second came two months ago in September 2020, when it raised another $150 … Unacademy's Customers was reported to be 13 m in Jun, 2019. Unacademy Valuation & Funding. Gaurav Munjal, Co-Founder and CEO, Unacademy, stated. The latest transaction values the edtech startup at $2 billion. Unacademy had raised a $110 million from Facebook, General Atlantic, and Sequoia at a valuation of $510 million. Ended on Dec 28, 2020. The data dump (as obtained and claimed by few researchers) included Names, Usernames, Email Ids, … According to the reports, the SoftBank and Facebook-backed Company has acquired test prep startup NeoStencil for an undisclosed amount, which makes it … Unacademy, the Indian online education technology (EdTech) company has struck another acquisition deal before ending 2020. Byju’s was valued at $8 billion in January. But the story here lies in the successive markups in the valuation of Unacademy in 2020. The edtech unicorn has concluded secondary share transaction. Later Stage VC (Series F) 02-Sep-2020: 00000: 00000: 00.000: Completed: Generating Revenue: 7. By Sohini Mitter | 25th Nov 2020 Unacademy has raised undisclosed funds, valuing the edtech startup at $2 billion. In this course we will be completing the FastTrack Exam Oriented Revision of the topic mentioned above. Unacademy was catapulted to the unicorn club in September this year following a $150 million funding round led by SoftBank that valued at $1.45 billion. Last month, Gaurav said at TechSparks 2020 that Uncademy's "audacious goal" is to build a Netflix for education and do 200X of what it is doing now. Google-backed Cuemath is also in conversation to raise a large round. IPL 2020: IPL sponsors Unacademy value revealed by founder Gaurav Munjal. The valuation Unacademy is commanding stems from the COVID-19 crisis where online education has gained the maximum in the absence of physical school and college classes. Unacademy has raised an undisclosed amount of funding from Tiger Global Management and Dragoneer Investment Group. This round follows its $150 million fund-raise from SoftBank Vision Fund 2 in September. “The Unacademy team has innovated rapidly to build a leading platform that is taking education to the farthest corners of India,” Tiger Global partner Scott Shleifer said. English CA Foundation Course. SoftBank Group led the Series F round in Unacademy via its Vision Fund 2. Godara played an important role in scaling up Unacademy. Gaurav Munjal, Co-founder & CEO, Unacademy. Unacademy’s previous fundraise had valued the company at $1.45 billion, so the new round raises its valuation by more than 33% in a matter of 80 odd days.. A lot has happened over this period. Rich CA! All rights reserved. Login. Byju’s turned decacorn when it recently raised an undisclosed amount from BOND Capital while Vedantu raised back to back rounds this year. In July, Unacademy acquired PrepLadder for $50 million. Unacademy has raised a total of $348.5M in funding over 9 rounds. Learn valuation of Inventories from CA Raj K Agrawal. And Unacademy also led a $5 million investment round to buy a stake in Mastree. Pulse 2.0 is a leading national technology and business news publication located in Ann Arbor, Michigan. [TechSparks 2020] Our audacious goal is to compete with Netflix: Unacademy's Gaurav Munjal, Search for what you want, categories, tags, keywords, authors, events, anything under YourStory, Looking to earn that extra income through stock markets in 2021? Unacademy's Paying Subscribers was reported to be 350 k in Sep, 2020. This is a batch Which is especially designed for the students appearing in January 2021 Examination. Read more about Tiger Global, others buy $50 mn shares from existing investors of Unacademy on Business Standard. TOI reported earlier this week that Byju’s was closing a $200-million funding round at a $12-billion valuation. After announcing undisclosed round from Tiger Global and Dragoneer Investment Group at a valuation of $2 billion, edtech unicorn Unacademy has allotted ESOPs worth around Rs 20 crore to its former vice president Dinesh Godara. India’s online learning platform Unacademy raises $150 million at $1.45 billion valuation And they can participate in sessions for reviewing topics. 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Unacademy became a unicorn, made five acquisitions and raised three rounds of funding - all in 2020. Unacademy's Registered Users was reported to be 30 m in Sep, 2020. Sep 02 2020, 2:52 PM Sep 03 2020, 6:38 PM September 02 2020, 2:52 PM September 03 2020, 6:38 PM (Bloomberg) -- SoftBank Group Corp. is leading a round of venture investment in India’s education startup Unacademy, boosting its valuation to $1.45 billion as online … CA Anshul Agrawal. Vedantu, backed by the US-based Tiger Global, also saw its valuation rise to $600 million. Deal Roundup: Unacademy valuation jumps to $2 bn, Cars24 turns unicorn Photo Credit: 123RF.com . Educational technology startup Unacademy, based in Bengaluru, India, has joined the unicorn club after receiving a US$150 million funding from a group of investors led by Japan’s SoftBank Group. Unacademy's Monthly Active Users was reported to be 5 m in Jul, 2020. In … Their latest funding was raised on Nov 25, 2020 from a Venture - Series Unknown round. Unacademy makes its fifth acquisition of 2020 in NeoStencil Unacademy acquires test preparation startup Coursavy Unacademy valued at $2 billion in new financing by Tiger Global, Dragoneer Unacademy did not clarify how it intends to spend the fresh capital. What does Unacademy do? Unacadamey's first round of funds came in February when it raised $110 million from Facebook, General Atlantic and others, bringing its valuation to $510 million. Unacademy: $150 Million And $1.45 Billion Valuation By Annie Baker September 9, 2020 India-based online learning company Unacademy recently announced it has raised $150 million in funding at a $1.45 billion valuation Through the app, students are able to watch classes live from teachers. He also revealed that the platform's monthly revenues had shot up from Rs 2 crore to Rs 90 crore in the last 18 months. Including this funding round, the company has raised about $350 million so far. Hindi CA Foundation Course ... 2020. Unacademy: $150 Million And $1.45 Billion Valuation. Unacademy is funded by 35 investors. More recently, the app also featured online interviews with renowned celebrities, politicians, and business leaders. We are just getting started,” said Unacademy co-founder and CEO Gaurav Munjal in a tweet. Unacademy, which turned unicorn earlier this year, has raised undisclosed funds from Tiger Global Management and Dragoneer Investment Group. Unacademy's existing investors General Atlantic, Sequoia Capital, Nexus Venture Partners, Facebook, and Blume Ventures had also participated in the round. Existing investors Facebook, Blume Ventures, Nexus Partners, General Atlantic, and Sequoia Capital also participated in the round. It had turned unicorn in September after raising $150 million from SoftBank. Free classes & tests. Unacademy has scaled up rapidly in 2020, riding on the pandemic-led boom in edtech. Unacademy essentially helps students prepare for college admission exams along with helping people prepare for graduate-level courses. Dragoneer Investment Group and Tiger Global Management are the most recent investors. Unacademy’s surging valuation and sustained fundraising is in line with larger rival Byju’s, which has raised close to $1 billion in 2020 so far and is again in talks to raise a further $200 million from US asset manager T Rowe Price and existing investor BlackRock, valuing the Bengaluru-based firm at $12 billion, ET reported on Saturday. Edtech unicorn Unacademy Wednesday said it has raised funds from US-based Tiger Global Management and Dragoneer Investment Group at a valuation of $2 billion. Poor CA! Unacademy … The latest investment has put Unacademy’s valuation at US$1.5 billion. CA Foundation & Intermediate. Unacademy was valued at $500 million at the beginning of the year and the steep jump in its valuation this year is a reflection of the rapid pace of student sign-ups during the pandemic. In September, Unacademy raised $150 million (Rs 1,094 crore) in a new funding round led by SoftBank, catapulting the edtech company to $1.45 billion valuation. NIO Stock Price: $75 Target (Up From $50) By JPMorgan, GEVO Stock Price Increases Over 15% Pre-Market: Why It Happened, BNGO Stock Price Increases 1,552.94% Over The Past Month: Why It Happened, CRNT Stock Price Increased 53.97%: Why It Happened, India-based online learning company Unacademy recently announced it has raised $150 million in funding at a $1.45 billion valuation. It has made a spate of acquisitions, including PrepLadder, Mastree, and CodeChef, and also launched a disruptive storytelling product called Graphy.
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