Unacademy raises $150 M from Soft Bank

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In another milestone, Bangalore-based online learning startup Unacademy announced it has raised $150 million from Soft Bank.

Ed-tech firm Unacademy helps students prepare for competitive exams to get into a college, as well as those who are pursuing graduate-level courses. On its app, students watch live classes from educators and later engage in sessions to review topics in more detail.

Last year, the startup launched a subscription service that offers students access to all live classes. The platform, which has 30 million registered users, has amassed more than 350,000 paying subscribers.

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“Our goal always has been to democratise knowledge and make it more affordable and accessible by getting the best experts of the world help everyone achieve their goals. We are just getting started,” said Gaurav Munjal,  co-founder and chief executive of Unacademy.

Also read: Unacademy acquires exam preparation platform PrepLadder

As the coronavirus outbreak began to spread in India earlier this year, the Central Govt enforced a nationwide lockdown that saw schools close across the nation. This has led many parents to explore digital learning services alternatives for their kids. Online learning platforms have dominated deal flows in recent months.

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