 "Social media, social media platforms, social media apps, apps, Facebook, whatsapp, twitter, mastodon")
Making its second bet in the Indian start-up space, social networking giant Facebook has participated in a $110 million investment round in edtech enterprise Unacademy.
The round, which was led by General Atlantic, also drew funding from Sequoia India, Nexus Venture Partners, Steadview Capital and Blume Ventures. Flipkart’s CEO Kalyan Krishnamurthy and Udaan cofounder Sujeet Kumar also participated in the round, which according to sources, valued the company between $400-500 million.
Last June, Facebook had invested an undisclosed sum in social commerce platform Meesho, a start-up that connects resellers with customers via channels such as WhatsApp.
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