Unacademy raises $440 million from Temasek, Softbank Vision Fund

BENGALURU: Ed-tech company Unacademy said it raised $440 million in a funding round led by Singapore’s Temasek and other investors such as General Atlantic, Tiger Global, and Softbank Vision Fund, which valued the company at about $3.5 billion.

The Series H funding round also had participation from Aroa Ventures, the family office of Oyo founder Ritesh Agarwal, and Deepinder Goyal, co-founder and CEO of Zomato.

This is the largest funding round for Unacademy and highlights the growing investor interest in the ed-tech sector over the last two years as a large part of the education system moved online due to the pandemic.