INSUBCONTINENT EXCLUSIVE:
Unacademy founders Roman Saini, Gaurav Munjal and Hemesh SinghBangalore-based Unacademy will add more educators to its online learning
platform, which claims to be India largest, after closing a $21 million Series C
The funding comes from Sequoia India, SAIF Partners and Nexus Venture Partners, with participation from Blume Ventures (all four firms are
returning from Unacademy Series B last year).Originally a YouTube channel created in 2010 by Gaurav Munjal, Unacademy was officially
launched as a startup in 2015 by founders Munjal, Roman Saini and Hemesh Singh
It has now raised $38.6 million in total.While Unacademy offers a wide range of courses, its most popular offerings include preparation for
Its platform includes two apps: one that lets educators create lessons and another that allows users to access them
Unacademy says it has 10,000 registered educators and three million users
Last month, the startup claims 3,000 educators were active on the platform and lessons were watched more than 40 million times.Many lessons
are available for free, though last year Unacademy launched a paid service called Plus that gives users access to features like private
discussion forums and live video classes for a per-course fee
Unacademy claims it has achieved six times growth in monthly revenue since launching Plus
The premium classes also help it differentiate from other online learning platforms like Mrunal, a popular site that provides free test
preparation for Indian students.In addition to bringing on more teachers, Unacademy will use its new funding to expand key categories like
pre-med, the Graduate Aptitude Test in Engineering (GATE) and the Common Admission Test (CAT), which are required by many post-graduate
programs.In a media statement, SAIF partner Alok Goel said &Unacademyhas demonstrated tremendous progress towards their goal of delivering
personalized learning by connecting great quality educators and students on their platform
The company has diversified across several new domains and has achieved amazing word of mouth among learners.&
