image credit : Unacademy

Bangalore based ed-tech startup Unacademy has now raised $21 million in a Series C investment round from major U.S. VC firms Nexus Ventures and Sequioa Capital along with Indian VC firm Blume and SAIF partners.

 The investors in this round stand out as the 4 of them were also the investors which participated in the company’s most previous $11.5 million Series B round September last year with this funding coming after a previous report by Inc42 stating that Unacademy was aiming to raise a new round of $30 million for its operations.

Unacademy which has grown to over 3,000 educators on its platform is making use of this investment to “onboard new educators on the platform, penetrate deeper in categories including pre-medical, GATE and CAT, and further strengthen the core product and technology team.”

“Sequoia India is thrilled to lead the new round in Unacademy, which is already making a big impact in India’s online learning space. Gaurav, Roman and Hemesh are driven founders with a very focused mission, and that is having a clear effect on the pace of production innovation, team building and overall growth,” quoting Sequoia Capital India Managing Director Shailendra Singh who stands as the VC firm’s partner involved in this deal.

With a total of $38.6 million in funding, Unacademy joins the long and growing list of well funded edtech startups looking to expand their several interactive learning services for respective education and vocation areas.

Other notable startups also in the ed-tech sector include U.K. based coding laptop maker Pi-top which recently raised $16 million to expand its ecosystem and also Chinese ed- tech unicorn VIPKid which nabbed $500 million in funding last month at a valuation of over $3 Billion.

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