Facebook invests in Indian education start-up Unacademy
Social media giant Facebook in February joined others such ...
Social media giant Facebook in February joined others such as General Atlantic and Sequoia India for a fresh $110 million round of funding into one of India’s fastest growing education technology start-up Unacademy. “We thank General Atlantic and Facebook who have joined us in this journey and our existing investors who continue to be a part of the journey by supporting us. Our goal is to democratise education and become not just the largest educational organisation but the largest consumer Internet story out of India,” Gaurav Munjal, Co-Founder and CEO, Unacademy, said in a statement.
Nexus Venture Partners, Steadview Capital and Blume Ventures also participated in this round of funding, along with Kalyan Krishnamurthy, CEO, Flipkart and Sujeet Kumar, co-founder, Udaan, Unacademy said.
“Facebook is an ally for India’s economic growth and social development, and we are excited about India and it’s rapidly rising Internet ecosystem,” said Ajit Mohan, Vice President and Managing Director, Facebook India.