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- Unacademy, Bangalore-based online learning startup announced it has raised $150 million in a new financing round that valued the Facebook-backed firm at $1.45 billion (post-money).
- SoftBank Group led Unacademy’s Series F financing round while existing investors Facebook, Blume Ventures, Nexus Partners, General Atlantic and Sequoia Capital participated in it. The new deal pushes four-and-a-half-year old Unacademy’s to-date raise to about $350 million.
- Unacademy helps students prepare for competitive exams to get into a college and also those who are pursuing graduation-level courses. On its app, students watch live classes from educators and later engage in sessions to review topics in more detail.