Unacademy, a platform for educators to create multimedia content for free as well as paid viewing by users, has crossed 1 million downloads. Importantly, the company has been able to bag 4.8 rating on Google Play Store.
Currently, the company has over 4,000 educators on the platform with a repository of over 50,000 online video lessons. It helps aspirants across various competitive exams to understand varied topics through videos created by educators.
On Sunday, Munjal also tweeted about Unacademy crossing 1 million download mark.
A brainchild of Gaurav Munjal, Unacademy started as a YouTube channel back in 2010. Later, it was set-up as a registered entity in 2015. Roman Saini, Hemesh Singh, and Sachin Gupta are other co-founders of the company.
So far, the company has about 1.3 million subscribers on its YouTube channel.
In August last year, Unacademy also started pilots in Brazil and Indonesia. As per video analytics and marketing firm Vidooly, Unacademy is at the number three spot among Indian YouTube channels in the education category.
The company had raised $11.5 million in a Series B financing led by Sequoia Capital India and SAIF Partners in September last year. Till now, it has amassed $17.5 million across four rounds.
Recently, it had also launched Unacademy Verified Educators. Like Twitter verified accounts, educators get a verified sign on their profiles, and such educators are also entitled to monetary incentives based on views garnered by their courses.
Unacademy also attracted funds from marquee angels including Sachin Bansal, Vijay Shekhar Sharma, Girish Mathrubootham, and Ananth Narayanan amongst others. It had also roped-in serial entrepreneur Bhavin Turakhia as a board of director in August 2017.
Turakhia is contributing to the overall business strategy for the online learning platform.
Unacademy directly competes with Byju’s Learning, which had secured about $244 million in risk capital from multiple investors. Besides, startups like Onlinetyari, Meritnation including several others also compete with it.
Prior to launching the online learning app, Gaurav and Hemesh were running Flatchat, which was acquired by CommonFloor in 2014. Roman quit the administrative services from the post of Assistant Collector of Jabalpur to pursue entrepreneurial journey.