Unacademy is a Education Technology (EdTech) based platform or company which was founded in the year of 2015 by Gaurav Munjal with having its headquarter at Bengaluru, India.
Udaan's founded by Gaurav Munjal as a YouTube Channel in 2010, on which they provide online education.
It officially become a company in the year of 2015, At the time of Covid-19 when their was a lockdown in all over India.
It get popularity among students as a digital education platform.
Currently it's counted in one of the successful education companies or platforms in India.
Unacademy's have developed their own application which is available for both Android and iOS platform.
It now provide coaching for multiple competitive exams like Indian Administrative Services, UGC NET and so on by their app.
Students who never want to leave their home for coaching can join it.
India is a country where maximum of its population is leave in villages, and the students of villages do not prefer to leave their villages or homes for coaching purpose due to main reason like financial reasons.
In such cases these students can get coaching in a reasonable fees for multiple competitive exams from Unacademy.
As I have discussed with you that Unacademy's was initially a YouTube channel which later become a EdTech company.
So the maximum earning of this YouTube channel invested by its founder in its growth. Time to time the growth of Unacademy start increasing rapidely.
Once their was a time when it converted into a company. And with the increasing growth or profits it starts its journey towards becoming a unicorn of India.
Unacademy takes only 5 years to become a unicorn in September, 2020 with the entry level valuation of approximately 1.4 billion dollars.
Multiple names are their in the list of investors of Unacademy, some of the major investors includes Blume Ventures, Nexus Venture Partners, Sequoia Capital India, Elevation Capital, General Atlantic, SoftBank, Steadview Capital.
With the growth of Unacademy the number of investors also increasing.
If we search about the valuation of Unacademy after last round of funding then we found a report.
This report's by Venture Intelligence, where it reported that Udaan's valuation reached up to 3.4 billion dollars after the last round of funding.
Unacademy has recently made headlines with lays off 250 employees, so that profitability can be boost. The popular ed-tech company has let go of 250 employees in an effort to move towards profitability. This decision marks another phase in their ongoing efforts to streamline operations and reduce costs. Restructuring for Profitability Unacademy’s latest move comes […]