Unacademy bags fund from Tiger Global and Dragoneer Investment Group, valuation of the company reached $2 billion
By MYBRANDBOOK
The edtech platform, Unacademy has bagged an undisclosed amount of fund from Tiger Global Management and the US-based Dragoneer Investment Group. The valuation of the company has reached $2 billion after this fresh funding.
The valuation of the company in February 2020 was $510 million, then increased to $1.45 billion in September and finally $2 billion in November.
“Our mission from Day One has been to democratise education and make it more affordable and accessible. We have consistently built the most iconic products that deliver high quality education to everyone,” said Gaurav Munjal, Co-Founder and CEO, Unacademy, in a statement.
The startup is also backed by Sequoia India, Nexus Venture Partners, Steadview Capital and Blume Ventures, and individual investors Kalyan Krishnamurthy, CEO, Flipkart and Sujeet Kumar, co-founder, Udaan.
“The opportunity to improve lives through online education is enormous because of its sheer accessibility. The Unacademy team has innovated rapidly to build a leading platform that is taking education to the farthest corners of India. We are very excited to partner with Unacademy and look forward to seeing it scale further,” said Scott Shleifer, Partner at Tiger Global, in a statement.
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