Learning platform Unacademy announced the closing of its $21-million Series C funding round from Sequoia India, SAIF Partners and Nexus Venture Partners. Blume Ventures also participated in this round.

With this round, Unacademy has raised a total of $38.6 million.

The funds will be used to bring new educators on to the platform, penetrate deeper into categories including pre-medical, GATE and CAT, and further strengthen the core product and technology team, said the company.

Gaurav Munjal, co-founder and CEO, Unacademy, said: “Right from the outset, we have focused on growing the platform by empowering the best educators. We have grown tremendously since our inception, and just last month, more than 3,000 educators were active on the platform and lessons created by them were watched more than 40 million times by learners.”

Unacademy was founded by Munjal, Roman Saini and Hemesh Singh in 2015. Back in 2010, Munjal had started it as a YouTube channel.

The platform empowers educators by making it easy for them to create high quality educational lessons on the Educator App, that learners access via the Learning App.

In October 2017, Unacademy also launched ‘Plus’ courses on its platform with a private discussion forum, live video classes, and a personalised classroom learning environment with top educators. Currently, more than 30 educators take paid ‘Plus’ courses on the platform apart from the lessons that are also available for free. Since the launch of Plus courses, the company has achieved a 6x growth in its monthly revenue. Its current network includes 10,000 registered educators and 3 million learners.

Related Topics
comment COMMENT NOW