Education technology startup Unacademy has raised Series C funding of $21 Million from Sequoia India, SAIF Partners and Nexus Venture Partners. Existing investors including Blume Ventures also participated in the round. The company will use the funds to onboard new educators on the platform, penetrate deeper into categories including pre-medical, GATE and CAT, and further strengthen the product and technology team. Unacademy began as an educational YouTube channel by Gaurav Munjal, Roman Saini, Hemesh Singh and Sachin Gupta. It later launched its online learning platform in 2015, that let educators create courses on various subjects. All educators go through an interview process and selection is based on their experience. Gaurav Munjal, Co-Founder and CEO, Unacademy said that 3000 educators were active on the platform as of June and lessons created by them were watched more than 40 million times by learners. In October 2017, Unacademy launched ‘Plus’ courses on its platform with a private discussion forum, live video classes, and a personalised classroom learning environment with its top educators. Currently, about 30 educators take paid ‘Plus’ courses on the platform apart from the lessons that are also available for free. Since the launch of Plus courses, the company has achieved a 6x growth in its monthly revenue, the company told in a statement. Previous funding The company has raised funding of $38.6 million in total so far. In September 2017, it raised $11.5 million Series B funding led by Sequoia India and SAIF Partners with the participation of existing investors and angels…
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