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India’s online learning platform Unacademy raises $150 million at $1.45 billion valuation

India has a new unicorn startup. On Wednesday, Bangalore-based online learning startup announced it has raised $150 million in a new financing round that valued the Facebook-backed firm at $1.45 billion (post-money).
SoftBank Group — through its Vision Fund 2 — led Unacademy’s Series F financing round while existing investors Facebook, Blume Ventures, Nexus Partners, General Atlantic and Sequoia Capital participated in it. The new deal pushes four-and-a-half-year old Unacademy’s to-date raise to about $350 million.
Unacademy helps students prepare for competitive exams to get into a college and also those who are pursuing graduation-level courses. On its app, students watch live classes from educators and later engage in sessions to review topics in more detail. In recent months, the startup has held several online interviews of high-profile individuals such as Indian politician Shashi Tharoor on a range of topics, which has expanded its appeal beyond its student-base.
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