Edu-tech startup Unacademy joins the unicorn club

Online learning platform Unacademy on Wednesday said it has raised $150 million in a round of funding led by SoftBank Group with existing investors General Atlantic, Sequoia Capital, Nexus Venture Partners, Facebook and Blume Ventures chipping in.

The latest round values the Bangalore based edu-tech startup at $1.45 billion, putting it in the list of homegrown unicorns (startups with valuations of more than $1 billion). SoftBank’s investment is through its Vision Fund 2.

The firm has so far raised around $348.5 million in over eight rounds according to market estimates.

Unacademy began as a YouTube channel of co-founder and CEO Gaurav Munjal back in 2010 and since then the firm has grown both organically and inorganically. Hemesh Singh and Roman Saini, are the other two co-founders of Unacademy.