After Cutemath and Byju’s, there are chances that Sequoia Capital may be thinking seriously about investing in third technology based Education Company. Yes, we are talking about Unacademy; a video based tutorial service that will operate online. Discussions are on between Unacademy and the people behind Sequoia Capital India and there may be a declaration about the tie up pretty soon.
Unacademy is an example of technology led education
Unacademy is based upon a very popular Silicon Valley learning portal called Khan Academy. It aims to prepare video lectures on topics covered in a subject that students can access without paying any money. This is a venture that has already got the backing of Paytm and Flipkart. Unacademy is one of the many education based startups that have sprung in the last 2 years. They have attracted the attention of the people and also that of the investors.
It will be a 2nd round of investment
There are 4 people behind this ed-tech firm called Unacademy. They are Roman Singh, Gaurav Munjal, Sachin Gupta, and Hemesh Singh. This firm has already received an investment of $5.5 million during its seed stage. Now there is need to pump $10 million more for expansion and growth of Unacademy. This fantastic educational portal has been getting 10 million visitors on a monthly basis through You Tube. Unacademy desires to add more video lectures to its data base to be of more use to the students. There are already more than 200k active users of Unacademy and it is believed that the company has started to make money.
Neither Sequoia nor the brains behind Unacademy are ready to disclose about their sources of funding. But talks between the two parties are at a very advance stage and one expects them to make an announcement in this regard in a matter of few days.