Dragoneer, Bhavin Turakhia invest $10 mn in recent $440mn funding round: Unacademy

By: |
August 13, 2021 5:09 PM

Unacademy's USD 3.44 billion valuation is a 70 per cent surge from its valuation during the previous fund raise in January 2021

unacademy,Bhavin Turakhia , Draginveer, edtech platform's recent USD 440 funding round., edtch funding, edtech investmentDragoneer Investment Group first invested in Unacademy in November 2020.

Unacademy on Friday said Dragoneer Investment Group and tech entrepreneur Bhavin Turakhia together invested USD 10 million as part of the edtech platform’s recent USD 440 funding round. Earlier this month, Unacademy had announced raising USD 440 million in funding, led by Temasek and super pro-rata participation from General Atlantic, Tiger Global, and Softbank Vision Fund. The round valued the edtech platform at USD 3.44 billion (about Rs 25,572 crore).

“…Dragoneer Investment Group and tech entrepreneur Bhavin Turakhia have invested in the company’s Series H round, through a mix of primary and secondary transactions. Dragoneer, and Turakhia together have invested USD 10 million of the USD 440 million raised,” a statement said on Friday. Dragoneer Investment Group first invested in Unacademy in November 2020.

The round had also witnessed participation from Mirae Asset, Aroa Ventures (the family office of OYO Founder Ritesh Agarwal), and Zomato co-founder and CEO Deepinder Goyal said. Unacademy’s USD 3.44 billion valuation is a 70 per cent surge from its valuation during the previous fund raise in January 2021, the statement said.

Founded by Gaurav Munjal, Hemesh Singh and Roman Saini in 2015, Bengaluru-based Unacademy specialises in test preparation for a wide array of competitive examinations including civil service, engineering and medical entrance and banking.

It has more than 50,000 educators and 62 million users and offers courses in 14 Indian languages.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1India second-largest technology hub for Amazon globally: India Head
252 companies apply with Rs 6,000-crore investment proposals for PLI scheme for AC, LED lights
3Xiaomi to launch ‘5G’ Mi 11 Lite, aka 11 Lite 5G NE in India on September 29