Ed-tech firm, Unacademy is in talks to raise $100-150 million in fresh funding, at a valuation that could catapult it into the unicorn club. The financing bid comes less than four months after the firm closed a $110 million round led by social media giant Facebook and blue-chip private equity firm General Atlantic. Existing investors including General Atlantic and Steadview Capital are likely to double down on their stake, while a host of global strategic and financial investors, including US-based hedge

funds and China's Tencent have booked interest in the company at a potential valuation of more than $1billion.

In March, Munjal said the platform crossed a watch time of 1 billion minutes while educators took 100,000 live classes, of which a fourth was free for the month. The company has also launched subscriptions for Class 9-12, onboarding educators across the country. "The growth in the last few months has been massive, and the belief is that Covid-19 can structurally change consumption of education to online," said an investor directly aware of the matter.

The ed-tech firm also counts the likes of Sequoia Capital, Nexus Venture Partners, Blume Ventures, Steadview Capital, and Flipkart CEO Kalyan Krishnamurthy as well as Udaan cofounder Sujeet Kumar, among its list of backers.

In its last funding round announced in February, Unacademy commanded a post-money valuation of $510 million