Edu-Tech Company ‘Unacademy’ Plans to Increase Learning Categories
Unacademy recently announced the launch of Plus Subscription
Students are provided with a personalised learning experience
Unacademy is well-situated to scale up and provide students on a huge scale
Educational tech startup ‘Unacademy’ recently announced the launch of Plus Subscription following a beta of two months. The subscription plans offer students preparing for numerous exams unlimited access to live classes by the top teachers and coaches in the country. Students are provided with a personalised learning experience that is elevated by doubt-clearing sessions with the professors, interactive classes and a series of live tests. The teachers are recomposed well for managing the live lectures.
Gaurav Munjal, CEO & Co-founder, Unacademy said, “Our vision has always been to make the world’s biggest education platform and offer the best quality education by grasping the power of technology. Every footstep is in that course. With the new subscription plan, students can watch live classes, learn from the top professors and complete their entire preparation online with Unacademy. These are no financial or geographical confined. In just two months, we have registered almost 30,000 paid subscribers and we have noticed high engagement rates and NPS Scores. We are now organising to introduce in more new categories, even internationally.”
Now, Unacademy plus offers four subscription plans for 12 different categories such as SSC Exams, Bank Exams, CAR, IIT-JEE, UPSC CSE, NTA-UGC NET, CSIR-UGC NET, Rajasthan PSC (RPSC), Kerala PSC, Teacher Eligibility Test (TET) and CDS/AFCAT. 600+ live classes are managed daily on Plus by more than 400 Educators. Unacademy is also looking to introduce more new categories and go deeper into current categories by including more courses, educators, and languages.
Alok Goel, Partners, SAIF Partners said, “We are thrilled to see the outstanding growth that Unacademy has achieved in the past couple of years. The subscription model makes the product more affordable which show the enormous growth of the company since its inception. Technology-based live learning has a massive capacity to make learning communicative and includes more value to the student’s preparation. We trust Unacademy is well-situated to scale up and provide students on a huge scale. We are glad to support Unacademy learning app in its vision to establish and offer high and best quality education.”
‘Unacademy’ is in discussions to generate $55 million (INR 384 crore) in a funding round led by an alternative asset management firm, SteadView. The Hong Kong-based hedge fund is backed by major companies Flipkart and Ola. After this deal, the education platform will be valued at around $250 million (INR 1746 crore).
The Bangalore-based startup current investor list includes Sequoia Capital India and SAIF Partners are going to be the part of the funding round. According to a few sources, some new investors could possibly participate in this round as well.
What is Unacademy?
Unacademy is a Bangalore-based situated education giant. The educational technology corporation was in started in 2015 by Gaurav Munjal, Roman Saini, and Hemesh Singh. Unacademy was originally launched as a Youtube channel by Gaurav Munjal in 2010. By December 2015, Singh and Saini joined with Mujal and formally started the company, and registered it under Sorting Hat Technology Pvt Ltd. In 2017, Billionaire entrepreneur Bhavin Turakhia joined the board.
Unacademy gives a high quality of educational videos, tutorials, and data for free for all. With the use of technology, Unacademy has transformed the field of education and learning with the help of technology and vital lecturers, building a community of self-learners.
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