Unacademy just raised $1 million and these are the top Indian entrepreneurs that backed this ed-tech startup

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Ed-tech startup Unacademy raised $1 million in the latest funding round and was backed by Flipkart's Sachin Bansal, Binny Bansal, Paytm's Vijay Shekhar Sharma, and FreeCharge's Kunal Shah.

The funding round was led by Blume Ventures, Stanford Angels India, WaterBridge Ventures, Traxcn Labs and a clutch of other angels, including Sandeep Tandon and Ashish Tulsian.

The existing investors of Unacademy including Taxi4Sure’s Aprameya Radhakrishnan, redBus’ Phanindra Sama, CommonFloor’s Sumit Jain and Vikas Malpani (both CommonFloor) also participated.

Unacademy is an education-technology based startup that allows educators to create courses on the platform.

Puducherry LG Kiran Bedi is also an educator on the platform.

"Within two months, the Unacademy Create app will be made available to all, so anyone across the world can create lessons in any language they like. After a thorough screening process, we will make the relevant lessons available on our platform that will be free for all to see," said Chief Executive Gaurav Munjal, who started Unacademy along with Roman Saini.

To become an educator on Unacademy, you have to go through an interview process and the selection is based on their experience.

Once selected, the educators create video courses of not more than 10 minutes on its platform, which are available to students for free.

"In a short span of eight months, the founding team has proved that leveraging technology to empower its educators and students is a problem that can be solved effectively at scale," said Flipkart’s Sachin Bansal.

The startup claims to have more than 300,000 students for over 2,400 online lessons and specialised courses through the platform.
"The product is designed for both lightweight production and consumption-in that it's ingenious. This can change learning to an entirely different plane and kill a lot of ine ective institutional frameworks," said Karthik Reddy, Managing Partner, Blume Ventures.

(Image: Thinkstock)
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