Tiger Global Leads $2 Billion Valuation Round for India’s Unacademy
Unacademy, India’s leading online learning platform, has secured major investment from global powerhouse Tiger Global Management and Dragoneer Investment Group. This latest funding round propels the Bangalore-based edtech startup to a staggering \(2 billion valuation - a 4x increase from its \)500 million valuation in February 2020.
Key Investment Details:
- Funding Amount: Estimated between \(75-\)100 million (undisclosed exact figure)
- Valuation Growth:
- $500M (Feb 2020 with Facebook investment)
- $1.45B (Sept 2020 with SoftBank lead)
- $2B (Current round with Tiger Global)
- Investor Profile: Adds two prestigious global investment firms to Unacademy’s cap table
Democratizing Education Through Technology
Gaurav Munjal, Unacademy’s Co-founder and CEO, emphasized their mission: “From Day One, we’ve focused on making quality education affordable and accessible. Partnering with Tiger Global and Dragoneer - investors known for backing transformative companies - accelerates our ability to impact millions of lives.”
Platform Growth & Impact:
- Educator Network: 47,000+ teachers across India
- Geographic Reach: Serving students in 5,000+ cities
- Language Support: Content available in 14+ regional languages
- Engagement Metrics:
- 150,000+ monthly live classes
- 2+ billion minutes of collective watch time monthly
The Rising Edtech Opportunity in India
Scott Shleifer, Partner at Tiger Global, noted: “Online education’s accessibility creates enormous potential to transform lives. Unacademy’s rapid innovation has established it as the platform bringing quality education to India’s most remote areas.”
Market Context:
- Pandemic Acceleration: School closures have driven unprecedented growth for edtech platforms
- Consumer Behavior: While Indians traditionally resist paying for online services, education remains a priority investment
- Cultural Factor: Families consistently prioritize education spending for better future opportunities
Beyond Traditional Learning
Unacademy has evolved beyond exam preparation (college entrance and graduate courses) to offer:
- Interactive live classes with educator follow-ups
- High-profile interview series featuring figures like politician Shashi Tharoor
- Broadened appeal beyond core student demographic
This investment underscores the growing global confidence in India’s edtech sector and Unacademy’s position as a market leader in the digital education revolution.
