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Unacademy secures Series B funding of $11.5M from Sequoia India and SAIF Partners

Education technology startup Unacademy has raised $11.5 million Series B funding led by Sequoia India and SAIF Partners. Existing investors and angels including Nexus Venture Partners and Blume Ventures also participated in the round. The fresh capital will help the company to tap international markets, and to accelerate its product and technology as well as scale to newer categories including personality development, new languages and job interviews. The company will also create original content with its top educators on the platform. With this funding, Unacademy plans to grow tenfold, and is looking to onboard more than 10,000 educators across the globe over the next 18 months. The platform currently has around 50,000 lessons online and over 1 million registered users, while on its YouTube channel it has close to 1 million subscribers. Unacademy began as an educational YouTube channel by Gaurav Munjal, Roman Saini, Hemesh Singh and Sachin Gupta. It later launched its online learning platform last year, that let educators to create courses on various subjects. All educators go through an interview process and selection is based on their experience. Previous Funding -With the latest round the startup has raised a total of $17.5 M in four investment rounds, as per Crunchbase data. Early this year, Unacademy had raised $4.5 million in its Series A funding led by Nexus Venture Partners and existing investor Blume Ventures. -In May last year, the company had raised $500,000(about Rs 3.3 crore) in seed capital, through a funding round led by Blume Ventures, along…

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