Unacademy is a technology company.
Unacademy has raised $789.5M across 9 funding rounds.
Key people at Unacademy.
Unacademy was founded in 2015 by Roman Saini (Co Founder) and Gaurav Munjal (Co-Founder and CEO).
Unacademy has raised $789.5M in total across 9 funding rounds.
Key people at Unacademy.
Unacademy was founded in 2015 by Roman Saini (Co Founder) and Gaurav Munjal (Co-Founder and CEO).
Unacademy has raised $789.5M in total across 9 funding rounds.
Unacademy's investors include Ada Ventures, Anthemis Group, Dig Ventures, Drive Capital, Brian Bendett, Ribbit Capital, Sequoia Capital, Social Capital, Tiger Global Management, Malcolm Ferguson, Will Brooks, Will Martin.
Unacademy is an Indian EdTech company that builds an online learning platform offering educational videos, live classes, and courses primarily for competitive exam preparation and skill development. It serves millions of learners, especially in India, solving the problem of inaccessible, expensive coaching by providing affordable, on-demand access to top educators anytime, anywhere.[1][2][5] Headquartered in Bengaluru and valued at over $3 billion, Unacademy has achieved massive scale with 1 million+ learners and 40,000+ courses, backed by investors like Sequoia, SoftBank, and Nexus Venture Partners; however, it faces leadership transitions amid efforts to reduce losses.[1][4][5]
Unacademy traces its roots to 2010 when Gaurav Munjal launched a YouTube channel sharing free lessons on coding and exam prep, initially with Dheeraj Meena, which gained traction among students lacking quality coaching access.[1][2][3] The company formally launched in 2015 in Bengaluru as Sorting Hat Technologies Private Limited, co-founded by Gaurav Munjal (CEO, engineering background), Dr. Roman Saini (former IAS officer and educator), and Hemesh Singh (CTO).[1][2][5] Early pivots included adding live classes in 2016, with Roman Saini joining as third co-founder that year, fueled by student success stories like UPSC cracks from free content, leading to Series A funding and rapid expansion to democratize education.[2][5]
Unacademy rides the EdTech boom in India, capitalizing on rising smartphone penetration, demand for affordable upskilling amid competitive exams, and post-pandemic shift to online learning. Its timing aligned with India's youth bulge and inefficiencies in offline coaching, positioning it as a unicorn that democratized education for underserved regions.[1][2][5] Market forces like investor influx (e.g., SoftBank, Tiger Global) and government pushes for digital education favor its growth, while it influences the ecosystem by inspiring creator economies in learning and acquiring subsidiaries like Graphy to expand into content monetization.[1][4][5]
Unacademy's leadership shakeup—with co-founders Gaurav Munjal and Roman Saini reportedly exiting for AirLearn (already at $400K ARR in the US), Hemesh Singh gone earlier, and Sumit Jain potentially stepping up—signals a pivot amid FY24's flat revenue but 62% loss reduction to Rs 631 crore.[4] Next steps likely involve stabilizing under new leadership, leveraging its $3B+ valuation and vast user base for profitability, while trends like AI-personalized learning and global expansion (e.g., language apps) shape its path. As EdTech matures, Unacademy could evolve from exam-prep giant to broader skill platform, influencing India's startup wave by proving YouTube origins can scale to unicorn status—though execution amid founder exits will test its resilience.[1][4][5]
Unacademy has raised $789.5M across 9 funding rounds. Most recently, it raised $440.0M Series H in July 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2021 | $440.0M Series H | Ada Ventures, Anthemis Group, Dig Ventures, Drive Capital, Brian Bendett, Ribbit Capital, Sequoia Capital, Social Capital, Tiger Global Management, Malcolm Ferguson, Will Brooks, Will Martin | |
| Sep 1, 2020 | $150.0M Series F | Accel, Blume Ventures | |
| Feb 1, 2020 | $110.0M Series E | Accel, Blume Ventures, Jungle Ventures, Peak XV Partners (formerly Sequoia Capital India & SEA) | |
| Jun 1, 2019 | $50.0M Series D | Accel, Blume Ventures, Jungle Ventures, Peak XV Partners (formerly Sequoia Capital India & SEA) | |
| Jul 1, 2018 | $21.0M Series C | Accel, Blume Ventures, Jungle Ventures, Peak XV Partners (formerly Sequoia Capital India & SEA) | |
| Sep 1, 2017 | $12.0M Series B | Accel, Blume Ventures, Jungle Ventures, Peak XV Partners (formerly Sequoia Capital India & SEA) | |
| Jan 1, 2017 | $5.0M Series A | Accel, Blume Ventures | |
| Aug 1, 2016 | $1.0M Seed | Accel, Blume Ventures | |
| May 1, 2016 | $500K Seed | Accel, Blume Ventures, Peak XV Partners (formerly Sequoia Capital India & SEA) |
