May 16, 2016

Unacademy - Youtube Channel for IAS prep raises $500K in seed funding

Unacademy Funding

Online Education technology platform Unacademy has raised $500,000(about Rs 3.3 crore) in seed capital, through a funding round led by Blume Ventures, along with angel investors including Rajan Anandan (Google), Sumit Jain (CommonFloor), Aprameya Radhakrishna (Taxi4Sure), Sujeet Kumar (earlier Flipkart), Phanindra Sama (RedBus) among others.

How does Unacademy spend these fresh funds?
The funds will be used for product development on both the educator and the consumer side and for developing more tools for educators as well as making the content more interactive for users.

Vision
Unacademy's vision is to distribute knowledge of the educators and innovators in the form of mini courses having lessons of not more than 10 minutes each.

Growth
Unacademy YouTube channel has more than 15 million video views and is among the top educational channels in the country.
100 educators on board currently and plan to scale up and go from 1,500 lessons to at least 4,000 lessons by the end of 2016. As part of their product development strategy and to reach out to more people,

Unacademy Apps
To launch Android and iOS mobile apps in the coming few weeks.

Founders| Unacademy
Gaurav Munjal  CEO
Roman Saini
Hemesh Singh
Sachin Gupta

Team Pic
Roman saini


Market Size
As per Research & Markets reports Massive Open Online Course (MOOC) sector is estimated to grow from $1.83 billion in 2015 to $8.50 billion by 2020, at an estimated compound annual growth rate (CAGR) of 36%. Asia-Pacific (APAC) expected to be grow at the highest CAGR for MOOC platform.

Other Competitiors in Ed-Tech Space India
Byjus
Winners Academy

Tags: Wiki Unacademy, IAS Prep online, Roman saini, 



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