Unacademy bags series B funding worth $11.5 million

CHENNAI: Online learning platform Unacademy on Wednesday announced the close of a $11.5M Series B round of funding led by Sequoia India and SAIF Partners.
Existing investors and angels including Nexus Venture Partners and Blume Ventures also participated in the round.
Unacademy will utilise the funding to accelerate its product and technology as well as scale to other categories including personality development, new languages and job interviews.
“Our vision is to build the world’s largest online knowledge repository by empowering great educators,” said Gaurav Munjal, CEO and co-founder, Unacademy.
“With the backing of Sequoia and SAIF, we are poised to significantly gain momentum and create the first global education technology product out of India. I’m very excited to kick start this new phase of growth for Unacademy.”
Alok Goel, managing director, SAIF Partners, said, “Unacademy democratises access to personalised learning by connecting educators and students directly on its platform. We believe it has the potential to disrupt the status quo that limits access to quality education at a global level. With very limited investment, the team has built a strong brand and word-of-mouth reputation. We are delighted to support the team in realising their mission.”
Unacademy was founded by Gaurav Munjal, Roman Saini, Hemesh Singh and Sachin Gupta.