Avendus Capital Advises Unacademy on Its USD 440 mn Funding Round, Valuing the Company at USD 3.44 Bn
Overview
Unacademy, India’s largest learning platform, has raised USD 440 million in a funding round led by Temasek, with participation from Softbank Vision Fund 2, Tiger Global, General Atlantic, and Mirae Asset. The latest fundraise takes the valuation of Unacademy Group to USD 3.44 billion.
The Series H funding round also witnessed participation from Aroa Ventures, the family office of OYO Founder, Ritesh Agarwal, and Deepinder Goyal, Co-Founder and CEO at Zomato. Some angel investors of Unacademy have exited in this round.
Over the last 18 months, the valuation of Unacademy Group has risen almost 10X, one of the fastest growth rates witnessed by a consumer internet startup in India. The latest round follows one in January 2021 when Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic doubled down on their earlier investments through a secondary transaction.
Avendus Capital acted as the exclusive financial advisor to Unacademy.
About Unacademy Group
Unacademy was founded by Gaurav Munjal, Hemesh Singh, and Roman Saini in 2015. Started as a YouTube channel by Gaurav Munjal in 2010, Unacademy is India’s largest learning platform with a growing network of 50,000+ registered Educators and over 62 million Learners. With education being imparted in 14 Indian languages to learners across 5,000 cities, Unacademy is changing the way India learns. Unacademy Group comprises Unacademy, Graphy, Relevel and CodeChef.
Equity Capital Markets
USD 197 mn
Digital, Technology & Consumer
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