Unacademy, which turned unicorn earlier this year, raised undisclosed funds from Tiger Global Management and Dragoneer Investment Group. The latest transaction values the edtech startup at $2 billion, although they did not clarify how it intends to spend the fresh capital.
Unacademy has scaled up rapidly in 2020, riding on the pandemic-led boom in edtech. It has made a spate of acquisitions, including PrepLadder, Mastree, and CodeChef, and also launched a disruptive storytelling product called Graphy.
“The opportunity to improve lives through online education is enormous because of its sheer accessibility. The Unacademy team has innovated rapidly to build a leading platform that is taking education to the farthest corners of India. We are very excited to partner with Unacademy and look forward to seeing it scale further." said Scott Shleifer, Partner at Tiger Global.