Unacademy raises $150 million led by SoftBank

Edtech firm Unacademy has raised an investment of $150 million in a round led by SoftBank from Japan.
Unacademy teamExisting investors General Atlantic, Sequoia Capital, Nexus Venture Partners, Facebook, and Blume Ventures also participated in the round.

Gaurav Munjal, co-founder and CEO, Unacademy, said the education technology company plans to utilise the funds to launch new products.

Unacademy has a vast network of over 18,000 educators and over 350,000 subscribers.

The company caters to the learning needs for more than 35 competitive exams, besides important life goals such as Chess.