Unacademy has raised an undisclosed amount of funding from Tiger Global Management and Dragoneer Investment Group. Gaurav Munjal, Co-Founder and CEO, Unacademy, stated. “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. Byju’s turned decacorn when it recently raised an undisclosed amount from BOND Capital while Vedantu raised back to back rounds this year. Google-backed Cuemath is also in conversation to raise a large round. "We are the innovation engine for the industry. Also Read | IPL 2020: BCCI Announces Edutech Firm Unacademy As The Official Partner For Three Seasons. 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. Read more about Tiger Global, others buy $50 mn shares from existing investors of Unacademy on Business Standard. Be it our content channels or user acquisition strategy or teachers. Rich CA! Unacademy had raised a $110 million from Facebook, General Atlantic, and Sequoia at a valuation of $510 million. Learn valuation of Inventories from CA Raj K Agrawal. Vedantu, backed by the US-based Tiger Global, also saw its valuation rise to $600 million. 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 … Unacademy did not clarify how it intends to spend the fresh capital. Unacademy's Monthly Active Users was reported to be 5 m in Jul, 2020. Hindi CA Foundation Course ... 2020. India-based online learning company Unacademy recently announced it has raised $150 million in funding at a $1.45 billion valuation, according to TechCrunch. SoftBank Group led the Series F round in Unacademy via its Vision Fund 2. Poor CA! 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. 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. Hindi CA Foundation Course. The data dump (as obtained and claimed by few researchers) included Names, Usernames, Email Ids, … Including this funding round, the company has raised about $350 million so far. The second came two months ago in September 2020, when it raised another $150 … But the story here lies in the successive markups in the valuation of Unacademy in 2020. Unacademy, the Indian online education technology (EdTech) company has struck another acquisition deal before ending 2020. English CA Foundation Course. Free classes & tests. Dragoneer Investment Group and Tiger Global Management are the most recent investors. On Wednesday, September 2, Unacademy founder Gaurav Munjal revealed his company’s valuation on Twitter. This round follows its $150 million fund-raise from SoftBank Vision Fund 2 in September. It had turned unicorn in September … And Unacademy also led a $5 million investment round to buy a stake in Mastree. Their latest funding was raised on Nov 25, 2020 from a Venture - Series Unknown round. In July, Unacademy acquired PrepLadder for $50 million. 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Unacademy's existing investors General Atlantic, Sequoia Capital, Nexus Venture Partners, Facebook, and Blume Ventures had also participated in the round. Later Stage VC (Series F) 02-Sep-2020: 00000: 00000: 00.000: Completed: Generating Revenue: 7. Unacademy was a sponsor of the recently-concluded IPL, and its brand would’ve received unprecedented visibility over the last couple of months. 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. Godara played an important role in scaling up Unacademy. Currently, Unacademy has 30 million registered users and it has over 350,000 paying subscribers. All rights reserved. And they can participate in sessions for reviewing topics. 100% Syllabus will be covered with Concepts Clarity and … 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. We don’t have the best sales engine yet, and we are working towards that," Gaurav noted. Existing investors Facebook, Blume Ventures, Nexus Partners, General Atlantic, and Sequoia Capital also participated in the round. 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. Login. 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 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, which turned unicorn earlier this year, has raised undisclosed funds from Tiger Global Management and Dragoneer Investment Group. TOI reported earlier this week that Byju’s was closing a $200-million funding round at a $12-billion valuation. Unacademy is funded by 35 investors. We are just getting started,” said Unacademy co-founder and CEO Gaurav Munjal in a tweet. Unacademy's Customers was reported to be 13 m in Jun, 2019. Deal Type Date Amount Raised to Date Post-Val Status Stage; 9. Nishant Kumar. 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. Unacademy's Paying Subscribers was reported to be 350 k in Sep, 2020. CA Foundation & Intermediate. The latest investment has put Unacademy’s valuation at US$1.5 billion. 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. Ended on Dec 28, 2020. The latest transaction values the edtech startup at $2 billion. Unacademy Valuation & Funding. 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. More recently, the app also featured online interviews with renowned celebrities, politicians, and business leaders. It had turned unicorn in September after raising $150 million from SoftBank. Byju’s was valued at $8 billion in January. The edtech unicorn has concluded secondary share transaction. In … In this course we will be completing the FastTrack Exam Oriented Revision of the topic mentioned above. This is a batch Which is especially designed for the students appearing in January 2021 Examination. Unacademy has scaled up rapidly in 2020, riding on the pandemic-led boom in edtech. It has made a spate of acquisitions, including PrepLadder, Mastree, and CodeChef, and also launched a disruptive storytelling product called Graphy. © 2020 Pulse 2.0 LLC. 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. CA Anshul Agrawal. [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? Through the app, students are able to watch classes live from teachers. In May 2020, Unacademy's security came into question with a 'For Sale' ad on the Dark Web, which promised to sell 22 Million Unacademy accounts' sensitive information for $2000. 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. 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. 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. Deal Roundup: Unacademy valuation jumps to $2 bn, Cars24 turns unicorn Photo Credit: 123RF.com . 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 According to the reports, the SoftBank and Facebook-backed Company has acquired test prep startup NeoStencil for an undisclosed amount, which makes it … Later Stage VC: 25-Nov-2020: $87.5M: 00000: 000: Completed: Generating Revenue: 8. Unacademy essentially helps students prepare for college admission exams along with helping people prepare for graduate-level courses. India’s online learning platform Unacademy raises $150 million at $1.45 billion valuation IPL 2020: IPL sponsors Unacademy value revealed by founder Gaurav Munjal. Unacademy became a unicorn, made five acquisitions and raised three rounds of funding - all in 2020. Gaurav Munjal, Co-founder & CEO, Unacademy. Unacademy … Unacademy's Registered Users was reported to be 30 m in Sep, 2020. 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 valuation soars to $2 billion as the edtech startup raises more funds from Tiger Global and Dragoneer Investment Group Sanchita Dash Nov 25, 2020, 18:15 IST By Sohini Mitter | 25th Nov 2020 Unacademy has raised undisclosed funds, valuing the edtech startup at $2 billion. 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 The latest deal follows a round in November when Tiger Global and … Unacademy has raised a total of $348.5M in funding over 9 rounds. Pulse 2.0 is a leading national technology and business news publication located in Ann Arbor, Michigan. Read more about Unacademy's valuation tops $2 bn with funding from Tiger Global, Dragoneer on Business Standard. Unacademy has raised undisclosed funds, valuing the edtech startup at $2 billion. 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. Deal helps Tiger Global, Dragoneer Investment Group, Steadview Capital and … What does Unacademy do? 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