Private Equity Fund Investments
Edtech startup Unacademy raises $440-M from Temasek, Mirae, others
Bengaluru-based online learning unicorn startup Unacademy has raised USD 440 million in a new financing round led by Temasek, with participation from Mirae Asset and existing investors including SoftBank Vision Fund 2, General Atlantic, Tiger Global, Zomato co-founder and CEO Deepinder Goyal and Oyo founder Ritesh Agarwal. The new round values the six-year-old startup at USD 3.44 billion, up from USD 2 billion last November. It takes Unacademy's equity funding to-date to over USD 880 million. The company will deploy the new capital to broaden its bets on new categories such as upskilling, jobs and hiring.
From the Venture Intelligence PE-VC Deal Database: Between Sep-20 and Nov-20, Unacademy raised over $430-M from Steadview Capital, Dragoneer Investment Group, Tiger Global, General Atlantic, SoftBank, Tiger Global, Sequoia Capital India, IIFL VC, Nexus Venture and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.) In Jan-21 the Edtech firm was reported to be attracting a $50-M secondary investment.
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