• Unacademy connects educators giving lessons to students through online video.
  • This series E round of $100 Million was led by General Atlantic.
  • While the amount invested by Facebook isn’t known, it is speculated to put $20 million.
  • The round also saw participation from Sequoia India, Nexus Venture Partners, Steadview Capital and Blume Ventures and individual investors Kalyan Krishnamurthy, CEO, Flipkart and Sujeet Kumar, co-founder, Udaan.
  • Some of angel investors will see exit after this round.
  • This will put unacademy at a valuation of $400- $500 Million.
  • Till now Unacademy has raised a total of $88.6 Mn.
  • Unacademy has more than 90000 subscribers with 70%t of its subscribers coming from tier-2 and tier-3 cities.
  • Unacademy has over 10,000 educators who have created educational videos on Unacademy.
  • It now has more than 1 million videos on its platform in more than 30 exam categories.
  • The company has $150 Million video views every month.
  • More than 700 educators take classes on Unacademy every day.
  • Unacademy has earned Rs 11.66 crore in revenue from operations. It made a loss of about Rs 90.27 crore in the last fiscal.
  • Currently the company is doing $30 million ARR business.
  • It's competitor is BYJU’s is valued at $8.2 billion. Surprisingly, Chan Zuckerberg Initiative has also invested in Byju's.

"We thank General Atlantic and Facebook who have joined us in this journey and our existing investors who continue to be a part of the journey by supporting us. Our goal is to democratise education and become not just... (More)