Unacademy bags Rs. 3.3 crore funding from Blume ventures, Rajan Anandan, Sumit Jain
Noida | Red Newswire | May 12 12:50 PM IST.
Unacademy, an education technology platform has bagged a funding of $500,000 from Blume Ventures, Rajan Anandan of Google, Phanindra Sama (redBus founder) and Sumit Jain of CommonFloor. The round was led by Blume Ventures.
The company was started by Gaurav Munjal and Roman Saini. Munjal said, “Unacademy's vision is to distribute knowledge of the educators and innovators in the form of mini courses having lessons of not more than 10 minutes each.”
Unacademy allows teachers and educators to develop courses on its platform. The educators are allowed to create content only after they have passed the selection process. For the students, the platform allows to pick desirable course and follow it.
Karthik Reddy, Managing Partner, Blume Ventures, said, “Delivery of education in India needs radical shifts. Unacademy is a manifestation of the team's vision to make all forms of educative material so intuitive and accessible that learning becomes extremely interesting and scalable.”
Aprameya Radhakrishna (founder, TaxiForSure) and Sujeet Kumar (former Flipkart executive) also participated in this funding round.
Unacademy is now counted under country’s top educational channels. It has crossed its 15 million views mark. The platform currently hosts 1500 lessons covering languages to government exams.
After cab aggregators and food delivery startups, ed-tech startups are catching the eye of the investors. Some other prominent startups in this space include FlipClass, Edureka, Toppr and Simplilearn.
Reddy said, “By fluidly weaving them into the content format that Unacademy has, teaching and learning can be truly democratic - at an unprecedented scale.”
Source: ET Bureau