Mumbai: Unacademy has raised $150 million in a fresh round led by Softbank at a staggering valuation of $1.45 billion. Existing backers Facebook, Sequoia Capital, Nexus Venture Partners and Blume Ventures also participated in the round.
This is a three-fold jump in the Bengaluru-based company’s valuation as compared to $510 million in Series E round which closed in February, this year.
After Byju’s, the Guarav Munjal-led firm has become the second edtech startup to surpass $1 billion in valuation and enter the coveted club of unicorns.
