$50 million raised by Unacademy, an Edutech company in series D funding from Hong Kong-based hedge fund Steadview Capital, Nexus Venture Partners Sequoia India, and Blume Ventures.
After the fund raiser this start-up which is education based is likely to be valued at $230-250 million
After a series of experiments, this Bengaluru-based start-up has now moved to a subscription model to monetise its platform-Unacademy Plus for students aspiring for UPSC, IIT-JEE and CAT. Gaurav Munjal who is the co-founder and CEO of this start-up announced about this fund raiser on twitter this Tuesday.
According to sources this start-up which has a monthly revenue of over Rs. 2 crore has Mr. Kalyan Krishnamurthy, CEO, Flipkart also as an investor. Unacademy seems to have increased its focus on revenue. Steadview Capital is popularly known to back start-ups like Flipkart, Ola and UrbanClap.