By the numbers: Unacademy’s Series F round and stakeholding

Earlier this month, Unacademy received Rs 1,122 crore or $150 million in a round led by SoftBank with participation from its existing investors, turning it into a unicorn with a valuation north of $1.3 billion. 

The Japanese investor has infused nearly Rs 900 crore in the Series F round along with existing backer Facebook which invested Rs 30.08 crore and Nexus Venture Partners with Rs 41.54 crore.

American private equity firm General Atlantic had also joined the tranche with an investment of Rs 88.38 crore while IIFL Seed Ventures and Sequoia Capital invested Rs 31.94 crore each.

Regulatory filings show Unacademy has allotted 7285 Series F Preference Shares along with 100 equity shares at Rs 14,32,51o and Rs 1,43,251 per share. According to Fintrackr estimates, Unacademy has been valued between Rs 10,000-Rs 10,250 crore $1.36-$1.4 billion, post-money.

With its investment, new investor SoftBank has acquired a 9.92% stake in the company while General Atlantic has a 10.3% stake. IIFL has 0.5%. Co-founders Gaurav Munjal, Roman Saini and Hemesh Singh collectively have 12.92% stake in the company they founded in 2015.

According to the filing, Munjal holds shares worth Rs 460 crore followed by Saini whose shares are currently valued at Rs 455 crore. Singh has shares worth around Rs 297 crore. The trio had offloaded 1,668 equity shares to General Atlantic during FY20, filings show. 

Apart from back to back fundraising, 2020 has been an exceptional year for Unacademy in several terms. It acquired five startups -- Coursavy, PrepLadder, Mastree, CodeChef and Kreatryx -- and launched a new product Graphy with a separate founding team. Its valuation also soared over 2X to $1.38 billion in Series F round from $510 million in Series E. 

Unacademy claims to have 30 million registered users, 350,000 paid subscribers and over 18,000 registered educators on the platform. Since India has seen a surge in demand for online learning solutions during the pandemic, the company looks set to continue with its growth story.