BANGALORE: SoftBank Group Corp is leading a round of venture investment in India’s education startup Unacademy, boosting its valuation to US$1.45bil as online learning surges during the coronavirus pandemic. The startup’s valuation is tripling from US$510mil in February. As classrooms shut during the pandemic, demand has soared for the startup and hundreds of other virtual learning companies in India. Byju’s, which focuses on K-12 online education, is raising funds at a valuation of more than US$10bil, Bloomberg News has reported. Now with Unacademy, Kothari thinks online is a powerful medium for learning, given the ability to scale classes and introduce supportive technologies.

Source: The Star September 02, 2020 23:26 UTC