SoftBank In Talks To Invest Upto $200 Mn In Unacademy
SoftBank in talks to invest $150-200 million in Unacademy valuing it at $1.2 billion pre-money.
Unacademy allows educators to create videos for courses from school level learning to college entrance exams, it has more than 200,000 subscribers for its paid platform Unacademy Plus.
“Investors are seeing Unacademy as the next big thing after Byju’s, and it has the potential to build a large outcome. Test preparation for competitive exams is a large market and during this pandemic, ed-tech is one of the few sectors investors can bet on,” said a source.