Company Name : Unacademy
Funding Amount : $500,000
Investor(s) Blume Ventures, Rajan Anandan, Sumit Jain, Aprameya Radhakrishna
Funding Round : Angel round
Unacademy, a learning platform has raised $500,000 in their first round of external investment.
The investment round was led by Blume Ventures along with Rajan Anandan (Google), Sumit Jain (CommonFloor), Aprameya Radhakrishna (Taxi4Sure), Sujeet Kumar (earlier Flipkart), Phanindra Sama (RedBus) among others.
Unacademy was founded by Gaurav Munjal, Roman Saini, Hemesh Singh and Sachin Gupta. Gaurav and Hemesh were previously running Flatchat which was acquired by CommonFloor in 2014. Unacademy, which started as an educational YouTube channel launched it’s free learning platform in January 2016. The platform has more than 1500 lessons ranging from learning a new language to cracking government examinations.
“Unacademy’s vision is to distribute knowledge of the educators and innovators in the form of mini courses having lessons of not more than 10 minutes each. The platform makes the discovery of these courses easy which the learners can then take and track their progress,” said GauravMunjal, Co-Founder and CEO, Unacademy.
Unacademy allows educators to create courses on the platform. All educators go through an interview process and selection is based on their experience. The company helps educators create these courses which are then available on the platform for free.