Is unacademy a unicorn

The As books and blackboards get replaced by online tutorials and tests, the Education Technology (EdTech) era has emerged over the past decade and its volatile wave has hit the demography of learners across all age-groups in the Indian nation. Introduction The massive breach in learning levels brought about by social, monetary, geographic and a plethora of different components puts India at the danger of overlooking or missing out on the undiscovered The popularity of online education has definitely accelerated post the advent of COVID19, the critical virus which has led to students from schools and universities across the world turning towards online education to resume their learning. Owing to the current scenario, Edtech firms have been given the chance to rise like a phoenix as online education becomes a necessity instead of a mere option. One such popular startup EdTech company is Unacademy, an online learning platform developed for the purpose of preparing students for competitive exams. This platform facilitates content for major competitive exams and provides brief lectures through videos on varied subjects which can be reached for free, allowing students to properly prepare for their respective competitive exams and practice self-learning. The EdTech firmhas marked its position as a leading EdTech platform after becoming a unicorn in September 2020, after it raised About Unacademy Owned and operated by Sorting Hat Technologies, Unacademy is an online learning pla...

So, as announced on September 3, 2020, Unacademy received USD 150 million of funding in its Series F round. This round of funding was led by SoftBank, a Japanese multinational conglomerate. Other participants of the round were existing investors General Atlantic, Sequoia Capital, Nexus Venture Partners, Facebook, and Blume Ventures. After this round of funding, the value of the company increased from USD 510 million to USD 1.45 billion, a three-fold jump in six months. Before this round, the earlier rounds of funding were as follows- August 2016- Seed Round where it received USD 1.5 million January 2017- Series A round where it received USD 4.5 million September 2017- Series B round where it received USD 11.5 million July 2018- Series C round where it received USD 21 million June 2019- Series D round where it received USD 50 million February 2020- Series E round where it received USD 110 million September 2020- Series F round where it received USD 150 million The February round of investing saw funding from The other big names in the investor list of the company include Tiger Global Management, Dragonner Investment Group, the CEO of Flipkart, Kalyan Krishnamurthy, and the co-founder of Udaan Sujeet Kumar. The company has the aim to use the funding in launching new products and building a team and an organization that is looked up to by the world. Unacademy was founded in 2015 by Gaurav Munjal, Hemesh Singh, Roman Saini, and Sachin Gupta. The company which is headquartered ...

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By Oct 9, 2021 INTRODUCTION Unacademy is an educational tech company which is situated in the Silicon Valley of India i.e. Bangalore, Karnataka, India. It was originally a simple YouTube Channel that mainly provided preparatory courses for competing in competitive exams. This channel was started in the year 2010 by Gaurav Munjal and later became a company in the year 2015. The company employs over 18,000 educators which provides study materials for a variety of professional and educational admission tests. These lessons are available in the form of Live Classes, which are both free as well as available on a subscription basis. The Start Unacademy was started as a simple YouTube channel in 2010 by Gaurav Munjal wherein the students were being delivered preparatory courses for competitive examinations like UPSC, NEET, JEE-Mains and Advances, etc. The founder Mr Gaurav Munjal along with its co-founders Hemesh Singh and Roman Saini launched Unacademy in the year 2015 as an ed-tech private firm in Bengaluru, India. The firm was founded as a platform for educators and new-generation learners were the students got access to 30+ test preparation categories, with experts making instructive films and offering live interactive sessions to students. On its platform, the company today includes over one million video lessons and over 10,000 intelligent professors. According to stats the company, 70% of its customers are from India’s Tier 2 and Tier 3 cities, and the numbers are still gr...

Unacademy has raised $150 million in a round of funding led by SoftBank valuing the ed-tech firm at $1.45 billion, the company said in a statement. The five-year-old start-up, now a unicorn, also raised money from existing investors General Atlantic, Sequoia Capital, Nexus Venture Partners, Facebook, and Blume Ventures. It has so far mopped up about $350 million. The latest infusion comes barely six months after Unacademy raised $110 million from Facebook, General Atlantic and a clutch of other investors at a valuation of about $510 million. In June 2019, it had raised $50 million from investors. BSNL far behind private telecom firms, even in rural markets Byju’s was valued at $10.5 billion in late June after it secured the backing of US-based Bond. Earlier this week, Eruditus raised $113 million from investors, including Chang Zuckerberg Initiative, giving it a post-money valuation of $800 million. In July, US-based Coatue led a $100-million funding round in Vedantu. The Covid-19 pandemic has left students across the country banking on online classes to complete their academic session and prepare for competitive exams. A survey released by Byju’s in August said nearly 75% of the parents surveyed want their children to continue learning through online channels even after schools reopen. “Learning from the best experts to achieve a life goal has mostly been a privilege, available only to those living in the top few cities of the country. At Unacademy, we are breaking that b...