Indian edtech Unacademy raises $440 million in fresh funding
The valuation of the Unacademy Group has risen almost ten times over the last 18 months.
Indian online learning platform Unacademy has raised $440 million in a funding round led by Temasek, with super pro-rata participation from General Atlantic, Tiger Global, and Softbank Vision Fund.
The funding has taken Unacademy Group’s valuation to $3.44 billion, as per the company statement.
Aroa Ventures, the family office of OYO Founder Ritesh Agarwal, and Deepinder Goyal, Co-Founder, and CEO at Zomat also participated in the Series H funding round.
Some angel investors of Unacademy have exited in this round, it said.
The valuation of the Unacademy Group has risen almost ten times over the last 18 months. The mid-stage consumer internet startup in India has witnessed the fastest growth rates.
The latest round follows one in January 2021 when Tiger Global, Dragoneer Investment Group, Steadview Capital, and General Atlantic doubled down on their earlier investments through a secondary transaction.