Companies

Unacademy raises $440 million in fresh funding at $3.44 billion valuation

PTI Bengaluru | Updated on August 02, 2021

The Series H funding round also witnessed participation of OYO Founder, Zomato Co-Founder

Learning platform Unacademy on Monday announced it 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 latest fundraise takes the valuation of Unacademy Group to $3.44 billion, it said in a statement.

The Series H funding round also witnessed participation from Aroa Ventures, the family office of OYO Founder Ritesh Agarwal, and Deepinder Goyal, Co-Founder and CEO at Zomato.

Also read:Unacademy acquires game streaming start-up Rheo TV

Some angel investors of Unacademy have exited in this round, it said.

“Over the last 18 months, the valuation of the Unacademy Group has risen almost 10 times, one of the fastest growth rates witnessed by a mid-stage consumer internet start-up in India,” the statement said.

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, it was stated.

Published on August 02, 2021

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