Unacademy raises fresh funds at $2 bn valuation

Edtech unicorn Unacademy on Wednesday said it has raised funds from US-based Tiger Global Management and Dragoneer Investment Group at a valuation of $2 billion.

The company did not disclose the funding amount, but a person familiar with the matter said it was $60-80 million.

The company last raised $150 million in September in a funding round led by SoftBank Vision Fund 2, tripling its valuation to $1.45 billion in a span of six months, making it the second-most valued edtech startup after Byju’s. Previously in February, it had raised $110 million from Facebook Inc., General Atlantic and Sequoia at a valuation of $510 million.