Unacademy Raises $440 Million in Fresh Funding at $3.44 Billion Valuation
- Series H round was led by Temasek, with Softbank Vision Fund, Tiger Global, General Atlantic, and Mirae Asset also participating
- Valuation of Unacademy Group stands at $3.44 billion, a nearly 10X jump in 18 months
Unacademy, India’s largest learning platform, announced it has raised $440 million in a funding round led by Temasek, with super pro-rata participation from General Atlantic, Tiger Global, and Softbank Vision Fund. The latest fundraise takes the valuation of Unacademy Group to $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 the Unacademy Group has risen almost 10X, one of the fastest growth rates witnessed by a mid-stage 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.