Bengaluru-based edtech major Unacademy today announced it has raised $440 million in a new funding round led by Singapore-based Temasek with participation from existing investors, including Softbank Vision Fund, General Atlantic, and Tiger Global Management.
With this, Unacademy Group is now valued at $3.4 billion, the company’s co-founder Gaurav Munjal said. Zomato’s Deepinder Goyal, OYO’s Ritesh Agarwal, and Mirae Asset also participated in the round, he said in a tweet.
He further said that the raised capital would be used to build, innovate, and scale its iconic products to customers. Following the current round, Unacademy’s total funding amount now stands at over $840 million.
Earlier this week, the edtech firm had announced that it will be offering stock options for educators on its platform.
Munjal, a computer science graduate, founded Unacademy as a YouTube channel in 2010. After getting enough scale, he formally launched the startup in 2015 with Roman Saini, who worked in the Indian Administrative Services, and Hemesh Singh, also a computer science engineer.