News: Unacademy to raise $30 million funding led by Sequoia Capital


Unacademy to raise $30 million funding led by Sequoia Capital

Unacademy will soon raise a series C round of $30 million and could see its valuation rising to $110-130 million.
Unacademy to raise $30 million funding led by Sequoia Capital

Bengaluru-based education technology company, Unacademy is raising a series-C round of $25-30 million led by Sequoia Capital India. The series may value the company around $100 million. According to a media report, the company is preparing to employ this funding in areas like K-12 and competitive exams like JEE.

Founded by Gaurav Munjal, Roman Saini, Hemesh Singh and Sachin Gupta, Unacademy was launched as a YouTube channel in 2010. Its India YouTube channel garnered over a million subscribers and is currently among the top five Indian YouTube channels in the education category. Currently, Unacademy has at least 10,000 educators on its platform and a collection of over 50,000 online video lessons. It was incorporated as a separate entity in the year 2015. 

The startup has raised $17.6 million in venture funding from investors such as Sequoia Capital India, Nexus Venture Partners, SAIF Partners and Blume Ventures.

Apart from the investors as mentioned above, Blume Ventures, Stanford Angels India, WaterBridge Ventures, Sachin Bansal, Binny Bansal, Vijay Shekhar Sharma, Kunal Shah, Sandeep Tandon, Ashish Tulsian and Tracxn Labs have also backed Unacademy in earlier rounds.

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