Unacademy

From Wikitia
Jump to navigation Jump to search
Unacademy
Private
GenreEducation Organization
Founded2015; 6 years ago (2015)
Founder
  • Roman Saini
  • Gaurav Munjal
  • Hemesh Singh
Headquarters353, 12th A Cross Rd,,
Bangalore, Karnataka
,
India 560038
Websiteunacademy.com

Unacademy is a Indian online education technology company based in Bangalore. It was originally created as a YouTube channel in 2010 by Gaurav Munjal.[1] As a company, it was founded by Roman Saini, Gaurav Munjal, Hemesh Singh in 2015, and is headquartered in Bangalore.[2][3] The company has a network of over 12,000 educators, and offers preparation material for several professional and educational entrance exams. Unacademy lessons are in the form of free videos, and via subscription.

Services

In 2010, Unacademy started as a YouTube channel by the Gaurav Munjal. In 2015 Unacademy was officially registered as an education company in Bangalore. Unacademy provides preparation study material for students aspiring for civil services, bank jobs and other competitive exams in India.

Funding and financing

In February 2020, Unacademy holds the Series E funding of $110 million from US private equity firm General Atlantic, social networking giant Facebook, Nexus Ventures, Blume Ventures, Flipkart CEO Kalyan Krishnamurthy among others, and rose to evaluation at $510 million[4][5].

Series C: $21 million (July 2018) from Sequoia India, Nexus Venture Partners and SAIF Partners.[6][7]

Series B: $11.5 million (September 2017) from Sequoia India and SAIF Partners.[8][9]

Series A: $4.5 million (January 2017)[citation needed]

Acquisitions

Kreatryx, founded in 2014 by Ankit Goyal, was acquired by Unacademy in early 2020 to expand Graduate Aptitude Test in Engineering and Engineering Services Examination preparation services.[10]

In 2018, Unacademy acquired WiFiStudy for $10 million. WiFiStudy is a YouTube-based online exam preparation and learning platform founded in 2013 by Dinesh Godara. WiFiStudy focuses on preparation for competitive public-sector exams such as Staff Selection Commission, banking, railway, and state police.[11][12]

Famous Educators

Many famous and noteworthy personalities and public figures have taught learners through live classes under the Unacademy's educational programme called 'Legends on Unacademy'.

  • Virat Kohli and Anushka Sharma[13]
  • Shashi Tharoor[14]
  • Kiren Bedi[15]
  • Mary Kom[16]
  • Saurav Ganguly[17]

Data Breach

In May 2020, Unacademy's security came into question with a 'For Sale' ad on the Dark Web, which promised to sell 22 Million Unacademy accounts' sensitive information for $2000. The data dump (as obtained and claimed by few researchers) included Names, Usernames, Email Ids, Passwords, and other account details. Unacademy authorities later confirmed that almost 11 Million accounts got compromised, but nothing valuable got leaked or misused. Unacademy assured the fact that no sensitive information has been compromised in their official statement on the matter. [18][19]

References

  1. "Unacademy: A New (digital Education) Academy". Forbes India. Retrieved 2020-04-12.
  2. "Unacademy to conduct free full-length UPSC CSE Prelims – General Studies Paper Mock Tests for 2020 UPSC aspirants - Times of India". The Times of India. Retrieved 2020-04-12.
  3. World, Republic. "Unacademy provides a platform for seamless education amidst Corona Fear". Republic World. Retrieved 2020-04-12.
  4. "Unacademy raises $110 million led by Facebook, General Atlantic". The Week. Retrieved 2020-04-12.
  5. "Unacademy raises $110 mn from Facebook, others". Fortune India. Retrieved 2020-04-12.
  6. "Online learning platform Unacademy gets $21M Series C from Sequoia India, SAIF and Nexus". TechCrunch. Retrieved 2020-04-12.
  7. Bureau, Our. "Learning platform Unacademy raises $21-m Series C funding". Business Line. Retrieved 2020-04-12.
  8. www.ETtech.com. "Unacademy secures $11.5M funding led by Sequoia India & SAIF Partners - ETtech". ETtech.com. Retrieved 2020-04-12.
  9. Ganesh, Venkatesh. "Edutech firm Unacademy raises $11.5 m in Series B round". Business Line. Retrieved 2020-04-12.
  10. Vankipuram, Meera (2020-03-31). "Unacademy acquires GATE, ESE prep platform Kreatryx". Livemint. Retrieved 2020-04-12.
  11. Patwa, Prasannata (2018-10-26). "Unacademy acquires exams preparation start-up WiFiStudy". Livemint. Retrieved 2020-04-12.
  12. Bansal, Varsha (2018-10-26). "Unacademy acquires test prep platform Wifistudy". The Economic Times. Retrieved 2020-04-12.
  13. Tewari, Saumya (2020-04-22). "Virat Kohli, Anushka Sharma motivate students via Unacademy amid lockdown". Livemint. Retrieved 2020-06-19.
  14. "Twitter - Shashi Tharoor". Twitter. Retrieved 2020-06-19.
  15. "Twitter - Kiran Bedi". Twitter. Retrieved 2020-06-19.
  16. Service, Tribune News. "Boxing is not a sport just for men: Mary Kom tells students". Tribuneindia News Service. Retrieved 2020-06-19.
  17. "Sourav Ganguly conducts Live class on Unacademy". afaqs!. Retrieved 2020-06-19.
  18. "Unacademy Hacked: 22M User Data Leaked | Details on Data Dump". Hack Reports. 2020-05-07. Retrieved 2020-05-18.
  19. Ahaskar, Abhijit (2020-05-06). "Millions of Unacademy user accounts exposed in data breach: Report". Livemint. Retrieved 2020-06-15.

External links

This article "Unacademy" is from Wikipedia. The list of its authors can be seen in its historical. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace.