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Bengaluru based edtech startup raises $50 million in a funding round

Bengaluru based edtech startup, Unacademy has raised $50 million in a series D funding round. The funding round was led by Steadview Capital, Sequoia India, Nexus Venture and Blume Ventures. Gaurav Munjal and Roman Saini, founders of Unacademy also participated in the funding round. The funding came within less than a year after Unacademy raised $21 million in series C round in 2018. Till now, the Bengaluru based edtech company has raised at least $88.6 million. The raised funds would help the company to add more educators and exams to the platform. Unacademy has more than 10,000 registered educators and 13 million student base at its platform. Unacademy claims that till now it has educated over 300,000 students by providing 2,400 online classes. There are many free courses on the Unacademy platform but it also offers paid subscription that provides unlimited access to live classes.