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Unacademy raised fresh investment from Tiger Global, Dagoneer Investment

The edtech company is now valued at $2 billion

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NEW DELHI: Unacademy has announced that it has raised a fresh investment round from Tiger Global Management and Dragoneer Investment Group. The funding round values Unacademy Group at $2 billion.

The latest fundraise follows another round in September 2020 when the company raised an investment of $150 million in a round led by SoftBank Vision Fund 2. At that time, Unacademy was valued at $1.45 Billion.

Unacademy co-founder and CEO Gaurav Munjal said, “Our mission from Day One has been to democratise education and make it more affordable and accessible. We have consistently built the most iconic products that deliver high-quality education to everyone. Today, I’m delighted to welcome Tiger Global and Dragoneer as our partners in the journey. They are both marquee global investors with a history of partnering with innovative companies that are making an impact on people’s lives.”

“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 Tiger Global partner Scott Shleifer. 
 

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