Unacademy raises USD 110 mn led by Facebook, General Atlantic
Digital learning platform Unacademy on Wednesday raised USD 110 million (about Rs 780 crore) in a funding round led by social media major Facebook and General Atlantic.
The funding round saw investment from fresh investors including Sequoia India, Nexus Venture Partners, Steadview Capital and Blume Ventures, Flipkart CEO Kalyan Krishnamurthy and Udaan co-founder Sujeet Kumar, according to a company statement.
"We are seeing great learning outcomes through our subscription where learners can take live classes by these educators. We now have more than 90,000 active subscribers. 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," Unacademy co-founder Gaurav Munjal said.
In addition to raising the funding, Unacademy also provided exits to some of the angel investors, the statement said.
"With this investment in Unacademy, we are reinforcing our commitment to the Indian start-up ...