BENGALURU : Education technology startup Unacademy has raised a $110-million Series E round from new investors Facebook and General Atlantic, besides Sequoia India, Nexus Venture Partners, Steadview Capital and Blume Ventures. The latest funding round values the startup at over $500 million, according to a person familiar with the matter. Mint had reported on 10 December that Unacademy was in talks to raise $100 million from investors led by General Atlantic. Through its Series E round, Unacademy provided exits to some of its angel investors, the company said in a statement. In 2019, Unacademy had launched its subscription for various examinations, which provide learners access to top educators and structured learning.

Source: Mint February 19, 2020 13:41 UTC