BENGALURU: Ed-tech company Unacademy said it raised $440 million in a funding round led by Singapore's Temasek and other investors such as General Atlantic, Tiger Global, and Softbank Vision Fund, which valued the company at about $3.5 billion.
The Series H funding round also had participation from Aroa Ventures, the family office of Oyo founder Ritesh Agarwal, and Deepinder Goyal, co-founder and CEO of Zomato.
This is the largest funding round for Unacademy and highlights the growing investor interest in the ed-tech sector over the last two years as a large part of the education system moved online due to the pandemic.
The latest round follows one in January when Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic doubled down on their earlier investments through a secondary transaction. Last September, Unacademy raised $150 million in a Series F round.
Rival Byju's, has been on an acquisition spree mopping up companies like Toppr and Great learning as the sector shows signs of consolidation.
Unacademy, founded by Gaurav Munjal, Hemesh Singh, and Roman Saini in 2015, started as a YouTube channel and has more than 50,000 registered educators and over 62 million Learners.
