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Unacademy Group Concludes Secondary Share Transaction With Leading Investors

Posted By: sumant January 13, 2021

·         Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic buy $50 million worth of shares from existing investors

·         Transaction helps Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic double down on their investment and conviction in the growth prospects of the Unacademy Group

MUMBAI, January 13, 2021: Unacademy, India’s largest learning platform, today announced it has concluded a new secondary transaction round in which Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic have increased their stake in the company. As part of the round, the investors have acquired additional shares worth $50 million, doubling down on their investment and conviction in the Unacademy Group’s growth trajectory and future prospects.

The latest transaction follows a round in November 2020 when Tiger Global and Dragoneer Investment Group invested in the Unacademy Group at a valuation of $2 Billion.Unacademy Group is India’s largest learning platform with 48,000+ 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, stated in the press release.

About Unacademy Group: Unacademy was founded by Gaurav Munjal, Roman Saini, and Hemesh Singh in 2015. It was started as a YouTube channel by Gaurav Munjal in 2010. Headquartered in Bengaluru, Unacademy is India’s largest learning platform with a growing network of 48,000+ registered Educators and over 40 million Learners. With education being imparted to students across 5,000 cities in India, in 14 Indian languages, Unacademy is changing the way India learns. Unacademy Group consists of Unacademy, PrepLadder, Mastree, CodeChef, and Graphy. The company is backed by prominent investors such as Tiger Global, Dragoneer Investment Group, SoftBank Vision Fund 2, Facebook, General Atlantic, Sequoia India, SAIF Partners, Nexus Venture Partners, Steadview Capital, and Blume Ventures.

To know more download Unacademy Learning App from Play Store, App Store or visit us at www.unacademy.com

For further information, please contact:

press@unacademy.com

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