Edtech startup Unacademy has raised funding of $110 million from new investors Facebook and General Atlantic along with Sequoia India, Nexus Venture Partners, Steadview Capital, and Blume Ventures. Kalyan Krishnamurthy, CEO, Flipkart, and Sujeet Kumar, co-founder, Udaan also participated in this round of funding.

Unacademy said the company will utilise the funding to further penetrate into the test preparation categories, launching more exam categories, acquiring top educators, and creating exceptional learning experiences for the learners through great content and product.

In addition to raising the funding, Unacademy also provided exits to some of the angel investors.

Gaurav Munjal, Co-Founder, and CEO, Unacademy said, “Our goal from day one has been to democratise education and make quality education accessible to everyone. We now have more than 90,000 active subscribers. We thank General Atlantic and Facebook who have joined us in this journey and our existing investors who continue to be a part of the journey by supporting us.”

Unacademy started in 2015, as a platform for educators and learners with educators creating educational videos and offering Live interactive classes with access to more than 30 exam categories. The company claims it now has more than 1 million videos on its platform. Currently, the platform has over 10,000 educators who have created educational videos on Unacademy.

Ajit Mohan, Vice President, and Managing Director, Facebook India said, “Facebook is an ally for India's economic growth and social development, and we are excited about India and it’s rapidly rising Internet ecosystem. With this investment in Unacademy, we are reinforcing our commitment to the Indian startup ecosystem as well as investing in a company that is transforming learning in India. We love that the company is fundamentally democratising education and driving innovation in new learning models.”

it is noteworthy that General Atlantic is also an investor in Byju's, a direct competition to Unacademy.