About Unacademy
Unacademy is a company based in Bengaluru (India) founded in 2015 by Diksha Dutta, Gaurav Munjal, Roman Saini, and Sumit Jain.. Unacademy has raised $880.17 million across 13 funding rounds from investors including Facebook, IIFL Finance and Mirae Asset. The company has 1,440 employees as of August 20, 2024. Unacademy has completed 12 acquisitions, including CodeChef, Coursavy and GATE Academy. Unacademy offers products and services including Unacademy App, Live Classes, and Practice Section. Unacademy operates in a competitive market with competitors including BYJU'S, Toppr, Toprankers, Fenbi and HLT, among others.
- Headquarter Bengaluru, India
- Employees 1440 as on 20 Aug, 2024
- Founders Diksha Dutta, Gaurav Munjal, Roman Saini, Sumit Jain
- Stage Unicorn
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Sectors
Education
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Sorting Hat Technologies Pvt Ltd
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$125.57 M (USD)23.64as on Mar 31, 2023
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Net Profit
$-201.77 M (USD)41.07as on Mar 31, 2023
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EBITDA
$-203.26 M (USD)41.04as on Mar 31, 2023
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Total Equity Funding
$880.17 M (USD)
in 13 rounds
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Latest Funding Round
$440 M (USD), Series H
Aug 01, 2021
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Investors
Facebook
& 62 more
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Employee Count
1440
as on Aug 20, 2024
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Investments & Acquisitions
CodeChef
& 11 more
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Products & Services of Unacademy
Unacademy offers a comprehensive portfolio of products and services, including Unacademy App, Live Classes, and Practice Section. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile app for accessing live classes and educational resources.
Interactive sessions for exam preparation and doubt clearing.
Features mock tests and notes for revision and practice.
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Funding Insights of Unacademy
Unacademy has successfully raised a total of $880.17M across 13 strategic funding rounds. The most recent funding activity was a Series H round of $440 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 13
- Last Round Series H — $440.0M
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First Round
First Round
(19 Dec 2015)
- Investors Count 63
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series H - Unacademy | Valuation | Temasek , Mirae Asset | |
| Feb, 2021 | Amount | Angel Round - Unacademy | Valuation | Sachin Tendulkar |
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| Nov, 2020 | Amount | Series F - Unacademy | Valuation | Tiger Global Management , Dragoneer Investment Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Unacademy
Unacademy has secured backing from 63 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Facebook, IIFL Finance and Mirae Asset. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location | |
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Private equity fund focused on global markets
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Founded Year | Domain | Location | |
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Venture capital investments in technology and startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Unacademy
Unacademy has strategically engaged in corporate development activities, having acquired 12 companies. Notable acquisitions include CodeChef, Coursavy and GATE Academy. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Instructor-led online English classes are offered for children's speaking skills.
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2019 | ||||
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Online platform providing live tutoring solution for K-12 students
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2019 | ||||
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Self-paced courses for UPSC test preparation are provided.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Unacademy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Unacademy Comparisons
Competitors of Unacademy
Unacademy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BYJU'S, Toppr, Toprankers, Fenbi and HLT, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online learning programs for K-12 education are delivered.
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| domain | founded_year | HQ Location |
Mobile and SaaS-based platform providing e-learning and test preparation platform for students
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| domain | founded_year | HQ Location |
Edtech organization that provides career discovery and preparation solutions to high school students
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| domain | founded_year | HQ Location |
Preparation for various exams is enabled by Fenbi's mobile application.
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| domain | founded_year | HQ Location |
Mobile apps for exam preparation in various fields are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Unacademy
Frequently Asked Questions about Unacademy
When was Unacademy founded?
Unacademy was founded in 2015.
Where is Unacademy located?
Unacademy is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Unacademy?
Gaurav Munjal is the current CEO of Unacademy. They have also founded this company.
Is Unacademy a funded company?
Unacademy is a funded company, having raised a total of $880.17M across 13 funding rounds to date. The company's 1st funding round was a Series F of $86.27M, raised on Dec 19, 2015.
How many employees does Unacademy have?
As of Aug 20, 2024, the latest employee count at Unacademy is 1,440.
What is the annual revenue of Unacademy?
Annual revenue of Unacademy is $125.57M as on Mar 31, 2023.
What does Unacademy do?
Unacademy was founded in 2015 in Bengaluru, India, as an online education platform focused on exam preparation. Structured courses and resources are delivered through live classes featuring educator interaction and doubt-clearing sessions. Recorded classes are made accessible for flexible learning. Additional features include practice sections, mock tests, and downloadable lecture notes, supporting students across various competitive exams.
Who are the top competitors of Unacademy?
Unacademy's top competitors include Toppr, BYJU'S and Extramarks.
What products or services does Unacademy offer?
Unacademy offers Unacademy App, Live Classes, and Practice Section.
How many acquisitions has Unacademy made?
Unacademy has made 12 acquisitions, including CodeChef, Coursavy, and GATE Academy.
Who are Unacademy's investors?
Unacademy has 63 investors. Key investors include Facebook, IIFL Finance, Mirae Asset, Nexus Venture Partners, and General Atlantic.
What is Unacademy's valuation?
The valuation of Unacademy is $3.13B as of Aug 2021.
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