Indian Unacademy Raises Fresh Funds from Tiger Global, Dragoneer at $2b Valuation

Indian Unacademy Raises Fresh Funds from Tiger Global, Dragoneer at b Valuation

Edtech platform Unacademy has raised a fresh round of funding from Tiger Global Management and US-based Dragoneer Investment Group. The company didn’t disclose funding amount but said it values Unacademy Group at $2 billion.

Unacademy has over 47,000 educators, teaching in over 14 Indian languages, and learners spread across 5,000 cities. Over 150,000 live classes are conducted on the platform each month and the collective watch time across platforms is over 2 Billion minutes per month.

Bengaluru-based Unacademy has distinguished itself in test preparation classes from civil service and banking exams to programming languages. Munjal said in the July -September period, Unacademy has recorded a 100% increase in its paid subscriber base, with the average daily watch time across Unacademy platforms also witnessing a 100% increase. The monthly watch time minutes has also reached an all-time high of over 1 billion.

South Africa Today


Read more at VolaNews

Disclaimer: The views of authors published on South Africa Today are their own and do not necessarily represent the views of South Africa Today. By viewing, visiting, using, or interacting with SouthAfricaToday.net, you are agreeing to all the provisions of the Terms of Use Policy and the Privacy Policy.