Unacademy is a popular online learning platform in India that offers a wide range of courses to help students and professionals advance their knowledge and skills. Founded in 2015, it has quickly become a preferred destination for learners across the country thus, generating revenue and remaining profitable. In this article, we will take a close look at Unacademy net worth and valuation.
Unacademy Net Worth, Valuation, Share Price
Unacademy’s platform provides learners with access to live classes, pre-recorded videos, interactive quizzes, and other learning resources. Learners can also interact with educators through chat forums, doubt-clearing sessions, and one-on-one mentoring sessions.
|Founders||Gaurav Munjal, Roman Saini, Hemesh Singh|
|Net Worth||$3.4 billion|
|Valuation||$1.5 billion (latest funding round)|
|Stock Price||Rs. 1700 – Rs. 1800|
Unacademy Net Worth
Unacademy is one of India’s leading EdTech companies that offers online learning and education through a digital platform. It has become a popular choice for students across India who are seeking quality education online.
As of 2023, Unacademy net worth is estimated to be around $3 billion. This valuation is based on the company’s recent funding rounds, which have seen it raise a significant amount of capital from investors.
Unacademy has been successful in attracting investors due to its innovative business model, which combines the latest technology with traditional teaching methods.
The COVID-19 pandemic has also played a role in the growth of Unacademy net worth, as more students turn to online learning due to the closure of schools and colleges.
Unacademy Founder Net Worth
Unacademy was founded in 2015 by Gaurav Munjal, Roman Saini, and Hemesh Singh. As of 2023, the Unacademy founder net worth is estimated to be in the hundreds of millions of dollars. Gaurav Munjal, who is also the CEO of the company, has an estimated net worth of around $700 million.
Roman Saini, a former IAS officer and co-founder of Unacademy, has an estimated net worth of around $150 million. Hemesh Singh, the third co-founder of Unacademy, has an estimated net worth of around $120 million.
Unacademy founder net worth is a testament to the success of the platform they have created, which has become a valuable resource for millions of students in India and beyond.
As of 2023, Unacademy revenue has continued to grow at an impressive rate, making it one of the most successful startups in the country.
In 2022, Unacademy revenue was reported to be around $400 million, which was more than double the previous year’s revenue, but the losses seem to shoot up to 80-85% raising concerns of the investors as it showcases serious cash burn in operations.
As of 2023, Unacademy revenue is expected to continue its growth trajectory. The company has announced plans to expand its operations to other countries, such as Indonesia and the Middle East.
Unacademy has also invested heavily in marketing. The company has been able to create a strong brand presence through its partnerships with celebrities, such as Virat Kohli and Aamir Khan, and its advertisements on television and social media platforms.
Unacademy Share Price
Unacademy’s share price as of 2023 remains highly volatile and dependent on various market factors. However, the company’s growth potential and its expanding user base make it an attractive investment option for many investors.
As of 2023, Unacademy’s share price has been fluctuating based on various market factors and the company’s performance. Unacademy share price was around INR 1,700 to INR 1,800.
The company’s initial public offering (IPO) in 2021 was highly successful, with the share price surging by 23% on the first day of trading. Since then, Unacademy has been listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), and its shares have been highly sought after by investors.
The share price has also been affected by some negative developments. In late 2022, the company faced backlash from students and educators for some controversial content on its platform.
One of the reasons for the surge in share price is the increasing demand for online education in India. The company has also expanded its offerings by acquiring other edtech startups and partnering with top educators in various fields.
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As of 2023, Unacademy is one of the most well-funded and highly valued edtech startups in India, having raised over $1.5 billion in funding across multiple rounds.
Unacademy’s most recent funding round was in 2022, when it raised $500 million in a Series G round led by SoftBank, with participation from existing investors such as General Atlantic, Sequoia Capital India, and Facebook. Unacademy valuation at the raise round was $10.5 billion.
The most significant was a $440 million Series F round in 2021, which was led by Temasek and had participation from SoftBank, Tiger Global where Unacademy valuation was at $5.5 billion.
The company has also been active in acquiring other edtech startups, such as Rheo TV, Kreatryx, and TapChief, to bolster its product offerings.
Unacademy’s net worth and rapid growth can be attributed to a combination of factors, including its focus on high-quality content and instructors, its innovative business model that allows students to access live classes and recorded sessions, and its ability to adapt and expand quickly in response to changing market conditions.
As the edtech sector continues to grow in India and around the world, Unacademy is well-positioned to continue its upward trajectory and remain a major player in the industry.