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Startups

Facebook takes part in Indian edtech startup's $110m funding round

With 90,000 subscribers, Bengaluru-based Unacademy valued at $510m

Unacademy says it has over 10,000 educators and more than one million videos on its platform. (Screenshot of the company's website)

NEW DELHI -- Bengaluru-based edtech startup Unacademy has raised $110 million in a Series E funding round led by Facebook and global private equity company General Atlantic.

Existing investors Sequoia India, Nexus Venture Partners, Steadview Capital and Blume Ventures participated in the round, as did Kalyan Krishnamurthy, CEO of Flipkart, and Sujeet Kumar, co-founder of Udaan, according to a company statement released on Wednesday. Udaan is a business-to-business platform for small and medium-size businesses.

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