Founded in 2014, NeoStencil has tie-ups with over 100 institutions, offers 500-plus courses to nearly 1,100,000 students
Flush with fresh funds, the Bengaluru-based company is planning to make acquisitions and pick strategic stakes in firms
Byju's and Unacademy have raised the most capital, $2.32 billion and $354 mllion, respectively, in 2020
The firm, earlier known as SAIF partners, will be deploying the full fund in the next 2-3 years
The latest fundraise follows funding round in September when the company raised an investment of $150 million in a round led by SoftBank Vision Fund 2 at a $1.45 billion valuation
The size of the buyback pool is likely to be Rs 25-30 crore, based on the number of ESOPs liquidated by employees.
Zishaan Hayath would rather build his enterprise ground up than go for an acquisition
The acquisition will further strengthen Unacademy''s leadership position in the UPSC test preparation market, a statement said
Personalised video messages, text messages from celebrities' verified social media handles and live interactive sessions are three key models through which fan and celebrity interact
Valuation jumps 3-fold in last six months to $1.45 billion; becomes the second unicorn in edtech space after Byju's
In an interview with Samreen Ahmad and Bibhu Ranjan Mishra, Gaurav Munjal of Unacademy says the Covid-19 pandemic may have shortened the time the company has taken to achieve $1.45 billion valuation
Existing investors General Atlantic, Sequoia Capital, Nexus Venture Partners, Facebook, and Blume Ventures also participated in the round
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Unacademy now has 30 million registered users and 350,000 paying subscribers, almost four times as many as in February. The platform has more than 18,000 registered educators.
The 13th IPL is scheduled to be held in UAE from September 19 to November 10
Start-ups jostle to tap India's $180-billion education sector as Covid-19 forces learning to go online
Unacademy, Patanjali also among Indian contenders; Byju's and Dream11 too enter bids
Tata Group's entry into the fray makes the bidding war on August 18 very interesting
With this investment, Mastree will join the Unacademy Group, which consists of Wifistudy, Kreatryx, PrepLadder and CodeChef
This is the Bengaluru-based company's third acquisition this year after programming platform Codechef and exam preparation start-up Kreatryx