Flipkart Co-founders Sachin Bansal and Binny Bansal, Paytm Founder Vijay Shekhar Sharma, Kunal Shah, Sandeep Tandon, Ashish Tulsian and Tracxn Labs, besides most of its existing investors also participated.
The funds will be used towards product technology, research and development, and hiring.
In April 2016, the startup raised US$500,000 in first round of funding.
Unacademy was founded by Gaurav Munjal, Roman Saini, Hemesh Singh and Sachin Gupta. It is a free online learning platform that allows educators to create courses using an app on various subjects, including exclusive content for various competitive exams. More than 100 educators have created 200-plus courses in the last eight months since launch.
The platform attracts more than one million video views monthly now, claims the startup.
“What started as an experiment has today become one of the most reliable sources of online education. From content specific to competitive examinations to basic English learning techniques,
we are in a process of making Unacademy the one-stop destination for online courses across myriad fields and subjects,” said Gaurav Munjal, Co-founder and CEO of Unacademy.
The company has also launched an app called Unacademy Create, which will be made available to all within two months, so anyone across the world can create lessons in any language they like.
In a span of eight months, over 300,000 students have benefited from over 2,400 online lessons and specialised courses on cracking various competitive examinations on the platform, claims Unacademy. “Our vision is to partner with the brightest minds and have courses on every possible topic in multiple languages so that the whole world can benefit from these courses,” Munjal said.