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Unacademy Raises Fresh Funds from Tiger Global & Dragoneer; Valuation Leaps to $2 Billion

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Team StartupcityOne of India’s leading K12 learning platforms, Unacademy Group has raised a fresh round of investment from Tiger Global and Dragaonner Investment Group.

While the quantum of the capital infusion remains undisclosed, industry experts have pegged it anywhere between $75 million to $100 million. The current transaction has also brought the valuation of the edtech firm up to $2 billion.

This round comes as an extension of an ongoing funding round that had earlier seen Unacademy raise $150 million from SoftBank Vision Fund 2 along with existing investors General Atlantic, Sequoia Capital, Nexus
Venture Partners, Facebook and Blume Ventures. The Bangalore based company has so far raised close to $348.5 million from 35 investors in various rounds of funding.

“Our mission from day one has been to democratize education and make it more affordable and accessible. We have consistently built the most iconic products that deliver high quality education to everyone.

Today, I’m delighted to welcome Tiger Global and Dragoneer as our partners in the journey. They are both marquee global investors with a history of partnering with innovative companies that are making an impact on people’s lives,” says Gaurav Munjal, Co-Founder & CEO, Unacademy.

Touted to be India’s largest learning platform, Unacademy Group has over 47,000 educators, teaching in more than 14 Indian languages and learners spread across 5,000 cities. “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,” says Scott Shleifer, Partner at Tiger Global.