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Facebook-backed Unacademy acquires PrepLadder for $50 million

Tiger Global invests in India’s Unacademy at $2 billion valuation

Unacademy, a web based studying platform in India, has added two extra marquee traders to its cap desk. The Bangalore-based startup stated on Wednesday it has raised new funds from Tiger Global Management and Dragoneer Investment Group.

The funding spherical, the dimensions of which was not disclosed, valued the four-and-a-half-year-old startup at $2 billion, up from about $500 million in February this 12 months when Facebook joined its checklist of backers, and $1.45 billion in September, when SoftBank led the spherical.

“Our mission from Day One has been to democratise schooling and make it extra inexpensive and accessible. We have constantly constructed probably the most iconic merchandise that ship prime quality schooling to everybody. Today, I’m delighted to welcome Tiger Global and Dragoneer as our companions within the journey. They are each marquee world traders with a historical past of partnering with progressive corporations which might be making an affect on individuals’s lives,” stated Gaurav Munjal, Co-Founder and CEO, Unacademy, in a press release.

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