Unacademy has paid materials and lectures for UPSC candidates, with affordable offers
Unacademy has acquired six times of progress in monthly revenue
Unacademy has won the Digital Start-up of the year award
Unacademy is India’s gratis education giant. The educational technology company was started in 2015 by Gaurav Munjal, Roman Saini, and Hemesh Singh. Uncamdemy was initially started as a Youtube channel by Gaurav Mujal in 2010. By December 2015, Singh and Saini tied Mujal and officially started the company, and registered it under Sorting Hat Technology Pvt Ltd. In 2017, Billionaire entrepreneur Bhavin Turakhia joined the committee.
Unacademy provides a high quality of educational videos, tutorials, and data for free for all. With the use of technology, Unacademy has revolutionized the course of education and learning with the help of technology and significant preceptors, creating a community of self-learners.
Unacademy has since raised a total amount of $38.6 Million in numerous finance courses of investors including, Nexus Venture Partners, Sequoia India, Blume Ventures, SAIF Partners, and other investors’ valuation of more than $100 million. In July 2018, it fetched $21 Million in a Series C round.
“Sequoia India is delighted to assist the new course in Unacademy, which is enough already making a vast impression in India’s online learning platform,” said Shailendra Singh, Sequoia Capital.
Unacademy, which was officially started as a start-up, has now raised $38.6 million. Unacademy has hundreds of proficient courses, and offer free of charge and paid materials and lectures for UPSC candidates, with affordable offers. With the new funding, Unacademy will provide lectures and tutorials for post-graduation programs like SSC CGL, BANK EXAMS, IIT JEE, UPSC CSE, NEET, and others. Many other courses are available for free. With its paid service called Plus, users can enjoy different features like private discussion gatherings, live video lectures, and others. After the launch of Plus, Unacademy has acquired six times of progress in monthly revenue.
SAIF partner Alok Goel once said “Unacademy has determined immense growth towards their objectives of providing individualized learning by associating best quality preceptors and students on their stage. The firm has variegated over various new fields and has reached stunning word of mouth among learners.”
CEO Munjal told TechCrunch that the new funding will be occupied to expand its monthly operative preceptors from 3,000 to 10,000, to improve its live-streaming technology and increase its market presence in Indonesia. In 2018, Munjal, Singh, and Saini were incorporated in India’s Forbes 30 under 30 for Unacademy and won the Digital Start-up of the year award at the IAMAI 12th Indian Digital Summit.
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