Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic bought $50 million worth of shares from existing investors.
Jan. 13, 2021: Unacademy, India’s largest learning platform, today announced it has concluded a new secondary transaction round in which Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic have increased their stake in the company. As part of the round, the investors have acquired additional shares worth $50 million, doubling down on their investment and conviction in the Unacademy Group’s growth trajectory and future prospects.
The latest transaction follows a round in November 2020 when Tiger Global and Dragoneer Investment Group invested in the Unacademy Group at a valuation of $2 Billion.
Unacademy Group is India’s largest learning platform with 48,000+ Educators teaching in over 14 Indian languages, and Leaners spread across 5,000 cities. Over 150,000 live classes are conducted on the platform each month and the collective watch time across platforms is over 2 Billion minutes per month
Source: Business World
