InvestorQ : Has online learning got a boost from COVID-19 and is it true that Unacademy has become a billion dollar company?
Aditi Sharma made post

Has online learning got a boost from COVID-19 and is it true that Unacademy has become a billion dollar company?

Answer
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swati Bakhda answered.
4 months ago


You are right that with schools and colleges shut and students confined to their homes, online training and education have become big business.

One of India’s fast growing online education property, Unacademy, plans to raise $150 million which could take their overall valuations close to $1 billion (The Unicorn Club). 

Unacademy empowers educators and trainers to create videos from school level learning to college entrance exams across streams. It also enables such videos for more advanced courses like IAS, ICS, PO Exam, JEE, MBA entrance etc.

Unacademy has already raised $110million from General Atlantic Partners and Facebook. Byju’s India’s largest online education portal is already valued at $8 billion. Last year, Unacademy had posted revenues of Rs.11.6 crore and net loss of Rs.90 crore. If it raises funds in the current round it could become a unicorn although they will have to justify such valuations.