Business
Unacademy raises $500, 000 led by Blume Ventures
[dropcap]E[/dropcap]ducation technology platform Unacademy has raised $500,000 led by Blume Ventures. The ed-tech platform allows educators to create courses on the platform. The educators go through an interview procedure and their selection is based on experience.
Other angel investors present during the round included Google’s Rajan Anandan, CommonFloor founder Sumit Jain and redBus founder Phanindra Sama, TaxiForSure’s founder Aprameya Radhakrishna, and former Flipkart executive Sujeet Kumar among others.
Gaurav Munjal, CEO, Unacademy, said, “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.”
Munjal started the company along with 24-year old Roman Saini. Saini is a doctor from AIIMS, and one India’s youngest IAS officers, who resigned as the Assistant Collector of Jabalpur to start the company.
On the student side, Unacademy makes it easy for its learners to discover a course and then track their progress. Other startups in the ed-tech space include Vidyanext, flipClass, Simplilearn, Edureka and Toppr.
Karthik Reddy, Managing Partner, Blume Ventures stressed that the delivery of education in India needs radical shifts.
“Unacademy is a manifestation of the team’s vision to make all forms of educative material so intuitive and accessible that learning becomes extremely interesting and scalable,” he added.
Ed-tech companies have hogged the limelight lately, thanks to Byju’s landmark deal of $75 million, and blossoming of many ed-tech companies. From handling tuition classes through technology to partnering with schools and colleges for various activities to reaching to rural India through video conferencing and providing professional re-skilling courses, this sector is seeing it all.
“By fluidly weaving them into the content format that Unacademy has, teaching and learning can be truly democratic – at an unprecedented scale,” said Reddy.
