Ed-Tech Unacademy Raises Rs3.3 Crore Led By Blume Ventures

Education technology platform Unacademy has raised $500,000 led by Blume Ventures along with a clutch of angels including Google's Rajan Anandan, CommonFloor founder Sumit Jain and redBus founder Phanindra Sama, among others. 
 
 
"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," said Gaurav Munjal, CEO, Unacademy, who started the company along with 24-year old Roman Saini.
 
 
Saini is a doctor from AIIMS, and one India's youngest IAS officers, who resigned as the Assistant Collector of Jabalpur to start the company. 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 then helps educators create free courses on its platform.
 
 
On the student side, Unacademy makes it easy for its learners to discover a course and then track their progress. "Delivery of education in India needs radical shifts," and Karthik Reddy,Managing Partner, Blume Ventures. "Unacademy is a manifestation of the team's vision to make all forms of educative material so intuitive and accessible that learning becomes extremely interesting and scalable," he added.
 
 
Other investors in the round include TaxiForSure's founder Aprameya Radhakrishna, and former Flipkart executive Sujeet Kumar.The company's YouTube channel has more than 15 million video views making it one of the top educational channels in the country, with more than 1500 lessons ranging from learning a new language to cracking government examinations. 
 
 
Ed-tech companies have been in the limelight of late, thanks to Byju's landmark deal of $75 million, and blossoming of many ed-tech companies. From handling tution classes through technology to partnering with schools and colleges for various activities to reaching to rural India through video conferencing and providing professional re-skilling courses, this sector is seeing it all. 
 
 
The other startups in the ed-tech space include Vidyanext, flipClass, Simplilearn, Edureka and Toppr."By fluidly weaving them into the content format that Unacademy has, teaching and learning can be truly democratic - at an unprecedented scale," said Reddy.
 
Share this:
Tags:

About Jessica Priston

Ut tellus dolor, dapibus eget, elementum vel, cursus eleifend, elit. Aenean auctor wisi et urna. Aliquam erat volutpat. Duis ac turpis. Integer rutrum ante eu lacus. Vestibulum libero nisl, porta vel, scelerisque eget, malesuada at, neque. Vivamus eget nibh. Etiam cursus leo vel metus. Nulla facilisi. Aenean nec eros.

  • Website
  • Google+
  • Rss
  • Pinterest
  • Instagram
  • LinkedIn
  • Vimeo
  • Youtube
  • Flickr
  • Email

Related News

  • Cashback site Cashkaro now offers restaurant discounts

    India’s e-commerce market looks large and lucrative enough from the outside, but insiders know it is very challenging. In fact, the number of e-commerce sites and businesses is growing so fast here today that the competition is cut-throat. This

  • What is Viscose Material? Advantage and disadvantage of viscose.

    Viscose is a unique form of wood cellulose acetate used in the nnmanufacture of a number of different products. This includes items for nnthe medical industry, though it is perhaps most common as a major nningredient in the production of the fabric r

  • Honda launches new CBR 250R bike
    Honda launches new CBR 250R bike
    July 01, 2014 5:50 am

    New Delhi: Honda Motorcycle & Scooter India (HMSI) launched a new edition of its global sports performance bike CBR 250R priced between Rs 1.56 lakh and Rs 1.86 lakh (ex-showroom Delhi). The 2013 edition CBR 250R is available for sale across a

  • Indian dresses have an different charm and elegance they are very feminine, salwar suits are worn by Indian woman in all the states whether it is Punjab, Tamil nadu, or Madhya Pradesh, etc. Salwar suits not only are the trendiest outfit but also are