UNACADEMY, a Bengaluru-based startup behind an online learning platform where instructors can create video courses, has raised $11.5 million in a Series B round led by Sequoia India and SAIF Partners. Existing investors Nexus Venture Partners and Blume Ventures also chipped in.
Launched in 2010 as a YouTube channel, Unacademy became a company in 2015 and now claims more than 50,000 online lessons and 1 million registered users, including 4,000 educators. The Indian company has “started pilots in Brazil and Indonesia” and “is now zeroing in on a revenue plan,” reports LiveMint.