Education startup Unacademy said on Wednesday it has raised a $50 million Series D round from US-based hedge fund Steadview Capital, as well as existing investors.
venture capital firms Sequoia Capital India, Nexus Venture Partners and Blume Ventures.
Angel investors Aakrit Vaish (co-founder & CEO, Haptik) and Sujeet Kumar (co-founder, Udaan) also participated in the round, along with Unacademy founders, Gaurav Munjal and Roman Saini.
Unacademy allows educators to create multimedia content for free viewing by users. It recently launched its Plus Subscription. More than 50,000 learners have subscribed to Unacademy Plus since its launch. The Unacademy Plus Subscription is available for more than 20 exam categories and provides students unlimited access to more than 600 live classes. These classes are conducted every day by educators from across the country.
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