Sunday April 5, 2020
Home Education Facebook Fund...

Facebook Funds India’s Fastest Growing Education Start-Up “Unacademy”

In addition to raising the funding, Unacademy also provided exits to some of the angel investors

0
//
facebook
"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. VOA

Social media giant Facebook on Wednesday 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.

“With this investment in Unacademy, we are reinforcing our commitment to the Indian startup ecosystem as well as investing in a company that is transforming learning in India. We love that the company is fundamentally democratising education and driving innovation in new learning models,” Mohan said.

Unacademy
Social media giant Facebook on Wednesday 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. Pixabay

The edtech start-up said that it would utilise the funding to further penetrate into the test preparation categories, launching more exam categories, acquiring top educators, and creating exceptional learning experiences for the learners through great content and product. In addition to raising the funding, Unacademy also provided exits to some of the angel investors.

ALSO READ: Here’s how Late School Start Times Can Reduce Road Accidents

“Our goal from day one has been to democratise education and make quality education accessible to everyone. We do that by bringing the best educators and content on our platform and ensuring it is accessible to everyone across the country,” Munjal said. (IANS)

Next Story

Prime Minister Narendra Modi Direct Officials To Ensure Sufficient Availability of Medical Equipments Amidst Coronavirus Crisis

PM Modi also reviewed disease surveillance, testing and critical care training and also directed the concerned groups and officials to ensure sufficient production

0
Narendra Modi
Prime Minister Modi on Saturday chaired a joint meeting of the empowered groups constituted for planning and ensuring implementation of COVID-19 response activities in the country. Wikimedia Commons

Prime Minister Narendra Modi has directed officials to ensure sufficient availability of all medical equipment such as ventilators, coveralls, masks, to be used in Covid-19 response.

Prime Minister Modi on Saturday chaired a joint meeting of the empowered groups constituted for planning and ensuring implementation of COVID-19 response activities in the country.

Please Follow NewsGram on Instagram To Get Latest Updates From Around The World!

In a series of tweets, Prime Minister’s Office wrote that Modi reviewed countrywide preparedness regarding availability of hospitals, proper isolation and quarantine facilities.

Coronavirus
Prime Minister Narendra Modi has directed officials to ensure sufficient availability of all medical equipment such as ventilators, coveralls, masks, to be used in Covid-19 response. Pixabay

PM Modi also reviewed disease surveillance, testing and critical care training and also directed the concerned groups and officials to ensure sufficient production, procurement and availability of all essential medical equipment such as PPEs, masks, gloves and ventilators.

ALSO READ: Global Online Music Streaming Platforms Witness 32% Increase in Subscriptions, Spotify Tops With 31% Share

“PM @narendramodi reviewed countrywide preparedness regarding availability of hospitals, proper isolation and quarantine facilities as well as disease surveillance, testing and critical care training”, the PMO said in one of the tweets.

“PM @narendramodi also directed the concerned groups and officials to ensure sufficient production, procurement and availability of all essential medical equipment such as PPEs, masks, gloves and ventilators,” said another tweet. (IANS)