Unacademy

Unacademy valuation crosses $200 Mn in Series D round

Unacademy

Unacademy had announced $55 million Series D round in late June this year. Out of which, the company has received $50 million, as per PAS 3 filings with the Ministry of Corporate Affairs (MCA). 

Steadview Capital invested $20.59 million while Sequoia and Blume Ventures have poured in $12.06 million and $5 million respectively.

Based on data sourced from filings, the Bengaluru-based firm has been valued at about $200.6 million (Rs 1404.45 crore). This is about 2X jump in valuation from its series C round when it was valued at around $102.9 million.

Unacademy has allocated 3,594 and 635 shares for a total of $ 20.59 million (Rs 143.48 crore) to Steadview and its subsidiary ABG Capital respectively. Steadview also picked up 10 equity shares worth Rs 33,930.70 each (Re 1 face value plus premium Rs 33,929.7 ).

The preference shares were valued at Rs 3,39,307 each( Rs 100 face value + premium of Rs 3,39,207).

Sequoia India invested $12.06 million (Rs 84.01 crore) for 2,476 shares. 

Nexus Ventures got 2,321 shares for $11.3 million (Rs 78.75 crore) and Milestone Trusteeship Services (Blume Ventures) received 1,032 shares $5.02 million (Rs 35.01 crore). Udaan’s co-founder Sujeet Kumar picked up 103 Shares worth $.501 million (Rs 3.49 crore) while Roman Saini acquired 2 CCPS shares by investing Rs 6.78 lakhs.

Unacademy connects expert educators with students. It has over 30,000 paid subscribers and about 150 million monthly views via its own platform and YouTube channel. The firm also launched ‘Unacademy Plus Subscription’ with live classes by top educators.

Flipkart’s CEO Kalyan Krishnamurthy had invested Rs 2.12 crore in April this year.

While the company announced that Haptik co-founder and chief executive officer (CEO) Aakrit Vaish, and Unacademy co-founder Gaurav Munjal also investing, it looks like they are yet to invest in the company.

Last month, Unacademy had also bought ESOP from employees whose stocks got vested. 

So far, the company had raised six rounds of funding and amassed about $89 million in total funding. Earlier this year, Unacademy had acquired Jaipur-based online exam preparation platform WiFiStudy. Entrackr was first to report about the acquisition in August last year.

Unacademy

Unacademy valuation crosses $200 Mn in Series D round

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Amount: INR 3,00,000 + GST (TDS to be deducted 2%)
Bank Name: ICICI Bank
Account Type: Current
Account Name: Bareback Media Private Limited
Account Number: 002105023595
IFSC Code: ICIC0000021
 
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