Unacademy, an online free learning platform, today said it has raised USD 1 million from founders of Flipkart and Paytm, Sachin Bansal, Binny Bansal and Vijay Shekhar Sharma, among others.
The second round of external investment was led by Blume Ventures and saw participation from Stanford Angels India, WaterBridge Ventures, FreeCharge founder Kunal Shah, Sandeep Tandon, Ashish Tulsian, Tracxn Labs and along with most of the existing investors, Unacademy said in a statement.
In April, the company had raised their first round of funding worth USD 500,000 (about Rs 3.35 crore).
Unacademy allows educators to create courses using their app on various subjects, including exclusive content for various competitive exams. Over 100 educators have created more than 200 courses in the last eight months using Unacademy's platform.
"From content specific to competitive examinations to basic English learning techniques, we are in a process to make Unacademy the one-stop destination for online courses. Within two months, the Unacademy Create app will be made available to all, so anyone across the world can create lessons in any language they like," Unacademy Co-Founder and CEO Gaurav Munjal said.
In a span of eight months, over three lakh students have benefited from over 2,400 online lessons and specialised courses on cracking various competitive examinations, he added.
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