Unacademy Group welcomes Tiger Global and Dragoneer in new investment round
New Delhi: Unacademy, India’s leading learning platform, today announced it has raised a fresh investment round from Tiger Global Management and Dragoneer Investment Group.
The funding round values Unacademy Group at $2 Billion.
The latest fund raise follows a round in Sept. 2020 when the company raised an investment of $150 Million in a round led by SoftBank Vision Fund 2. At that time, Unacademy was valued at $1.45 Billion.
“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. 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,” said Gaurav Munjal, Co-Founder and CEO, Unacademy.
Unacademy Group is India’s largest learning platform with 47,000+ Educators, teaching in over 14 Indian languages, and Leaners spread across 5,000 cities. Over 150,000 live classes are conducted on the platform each month and the collective watch time across platforms is over 2 Billion minutes per month.
“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.