Friday, Mar 23 2018 | Updated at 12:58 AM EDT

Stay Connected With Us F T R

Jan 15, 2017 12:38 PM EST

Online learning platform Unacademy raised $4.5 million in Series A funding on January 13. The fund raising led by Nexus Venture Partners and Blume Ventures, is the third round of funding for the startup, which has started raising funds since 2015.

Besides Nexus and Blume, the recent round of funding was also participated by Freshdesk CEO Girish Mathrubootham, Myntra CEO Ananth Narayanan, and Stanford Angels, Your Story reported. The new funding is aimed at aggressively building Unacademy's base of educators, increasing its numbers from 200 to 2,000 in 2017. These educators will focus on different topics like professional growth, language, exam preparation, and more.

Unacademy's Beginnings

Unacademy's origin can be traced back to its humble beginning since 2010 as a simple educational YouTube channel by Sachin Gupta, Hemesh Singh, Roman Saini, and Gaurav Munjal, Medianama reported. Its founders Hemesh and Gaurav used to run Flatchat, which CommonFloor bought back in 2014.

Later on, it launched a website that serves as a platform where educators can create courses. These educators undergo an interview process and are chosen based on their teaching experiences.

Back in 2015, Unacademy raised $1 million from investors such as Paytm, Flipkart, and Blume Ventures, which led the round. The online educational platform raised another $500,000 in seed capital in another round in May 2016 led by Blume Ventures, along with Rajan Anandan of Google, Aprameya Radhakrishna of Taxi4Sure, Sumit Jain of CommonFloor, Phanindra Sama of RedBus, and other angel investors.

World Class Education Platform

Unacademy CEO Gaurav Munjal said they focus on creating world class educators to the site, which is why they choose people who topped major examinations. They aim to get the best educators to their platform, he said.

Unacademy aims to organically increase its numbers of active users from 200,000 to 1 million in 2017. Unacademy, which is based in Bengaluru, aims to roll out its Android app on February 2017.

Follows Unacademy, Series A funding, $4.5 million, online learning platform, CEO Gaurav Munjal
© 2017 University Herald, All rights reserved. Do not reproduce without permission.

Must Read

Here is NASA’s Take On Anonymous Hackers Alien Claims [VIDEO]

Jun 28, 2017 AM EDTNASA official says no alien has been found until today.

International Cyber Attack Strikes Again: Ransomware Hits Companies Worldwide [VIDEO]

Jun 28, 2017 AM EDTOver 2,000 computers in about a dozen countries were affected.

The Magic of Celebrity Involvement: How Projects and Concepts Get Public Nod When Icons Get Involved [VIDEO]

Jun 28, 2017 AM EDTDo celebrities really affect marketing?

Student Loans In Focus: How Much Do Students Really Borrow To Attend The Top 10 Schools [VIDEO]

Jun 26, 2017 AM EDTFor most students, going into the Top 10 schools is a dream come true. But is the expense in studying in these schools worth it?