Online learning platform Unacademy today said it has raised USD 21 million (about Rs 144 crore) in funding from Sequoia India, SAIF Partners and Nexus Venture Partners.
The series C round also saw participation from Blume Ventures. With the latest round, Unacademy has raised USD 38.6 million in funding so far.
"The funds raised will be utilised to onboard new educators on the platform, penetrate deeper in categories including pre-medical, GATE and CAT, and further strengthen the core product and technology team," Unacademy co-founder and CEO Gaurav Munjal told PTI.
He added that the company has seen strong growth in business over the last many months.
"We have grown tremendously since our inception, and just last month, more than 3,000 educators were active on the platform and lessons created by them were watched more than 40 million times by learners. We will utilise these funds to invest heavily in our product and technology," he said.
Unacademy was founded by Gaurav Munjal, Roman Saini and Hemesh Singh in 2015. In October 2017, Unacademy launched 'Plus' courses on its platform and has seen 6x growth in its monthly revenue.
While Munjal declined to comment on revenue numbers, he said the company expects to have 10,000 educators onboard over the next few months.