Tiger Global, others buy $50 mn shares from existing investors of Unacademy

The edtech unicorn has concluded secondary share transaction. Deal helps Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic double down on their investment

Edtech unicorn Unacademy, has concluded a new secondary transaction round in which Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic have increased their stake in the company. As part of the round, the investors have acquired additional shares worth $50 million, doubling down on their investment and conviction in the Unacademy Group’s growth trajectory and future prospects. The latest transaction follows financing round in November 2020 when Tiger Global and Dragoneer Investment Group invested in the Unacademy Group at a valuation of $2 Billion.

“Some of the major investors are buying the shares of the early investors of