Online learning platform Unacademy, run by Sorting Hat Technologies Pvt. Ltd, has raised $11.5 million (Rs 73 crore) in a Series B round led by Sequoia Capital India and SAIF Partners, the company said in a statement on Wednesday.
Existing investors Nexus Venture Partners and Blume Ventures, and some angels also participated in the round.
The startup will utilise the funds to enhance its product and technology, and to scale to other categories including personality development, new languages and job interviews. It will also invest the capital to produce its own content, the statement added.
Gaurav Munjal, chief executive and co-founder of Unacademy, said, “With the backing of Sequoia and SAIF, we are poised to gain momentum and create the first global education technology product out of India.”
The platform claims to have more than 50,000 lessons online and over a million registered users.
“Unacademy democratises access to personalised learning by connecting…