DON’T UN-DERESTIMATE: Unacademy, a Bangalore, India-based online course platform, has raised $50 million in a Series D round from Steadview Capital, Sequoia India, Nexus Venture Partners and Blume Ventures. Udaan co-founder Sujeet Kuman and Unacademy founders Gaurav Munjal and Roman Saini also participated in the round.
This latest comes less than a year after the company raised a $21 million Series C round. To date, Unacademy has raised at least $88.6 million. The money will go toward adding more educators and exams to the platform, according to a statement Wednesday. The company claims over 10,000 registered educators and 13 million learners.
Founded in 2015, Unacademy claims that over 300,000 students have taken 2,400 online classes on its platform, bringing in two million views a month. While many of the courses are free, the company also offers a paid subscription that provides unlimited access to live classes. More than 50,000 people have signed up for the subscription, according to LiveMint.
In October 2018, Unacademy bought Jaipur, India-based online education and career portal Wifistudy.