Unacademy

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Unacademy
Industry
Founded2015; 9 years ago (2015)
Founder(s)
  • Gaurav Munjal
Headquarters
Bangalore, Karnataka, India
Area served
India
ProductsUnacademy app, website
ParentSorting Hat Technologies Pvt. Ltd.
Subsidiaries
  • CodeChef
  • Wifistudy
  • Prepladder
  • Kreatryx
  • Mastree
  • Coursavy
  • Neostancil
  • Graphy[1]
  • Tap chief
  • Handa Ka Funda
  • Relevel[2]
  • Digichamp Private limited

[3]

Websiteunacademy.com

Unacademy, is an Indian educational technology company, based in Bangalore. Originally created as a YouTube channel in 2010 by Gaurav Munjal,[4] later, the company was founded in 2015 by Gaurav Munjal, Roman Saini, and Hemesh Singh.[5][6][7] The company has a network of over 50,000 registered educators, and offers preparation material for several professional and educational entrance exams.[8] Unacademy lessons are in the form of Live Classes both free and via subscription.[9][10]

History[edit]

Unacademy started in 2010 as a YouTube channel by Dheeraj meena. In 2015, Unacademy was officially registered as an education company in Bengaluru. A privately held company, Unacademy has secured funding through a series of offerings.[11][12][13] As of December 2020, Unacademy was valued at US$2.0 billion.[14]

Acquisitions[edit]

  • 2018, 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 public-sector exams .[15][16]
  • April 2020 Kreatryx, founded in 2014 by Ankit Goyal, to expand GATE and ESE preparation services.[17]
  • June 2020 Mumbai-based online competitive programming platform CodeChef in June 2020.[18]
  • July 2020 Chandigarh based NEET PG on-line coaching Prepladder for $50 million in July 2020.[19]
  • July 20 major stake in Mastree, a K12 learning platform, by investing $5 million in July 2020.[20]
  • Sept. 2020 UPSC test prep platform Coursavy in Sept 2020.[21]
  • December 2020, Delhi NCR-based test prep startup Neostencil.[22]
  • Feb 2021, majority stake in TapChief, in February 2021.[23]
  • March 2021, CAT prep platform Handa ka Funda.[24][25]

2020 Data Breach[edit]

In May 2020, Unacademy's security came into question with a 'For Sale' ad on the Dark Web, which promised to sell 2.2 crore (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 1.1 crore (11 million) accounts got compromised. In a statement, Unacademy claimed that no sensitive information had been compromised and nothing valuable was misused.[26][27]

See also[edit]

References[edit]

  1. ↑ Munjal, Gaurav [@gauravmunjal] (2020-06-09). "Graphy is a new Product by the Unacademy Group. Books haven't changed since a really really really long time. Maybe it's time to change that? P.S. Graphy is still in Beta :) Try it out: t.co/MedK9fPKv3" (Tweet). Archived from the original on 2021-05-24. Retrieved 2021-06-21 – via Twitter.
  2. ↑ https://in.linkedin.com/company/relevelhq
  3. ↑ https://www.livemint.com/news/india/largest-consumer-internet-firm-will-be-from-edtech-11610384828386.html
  4. ↑ "Unacademy: A New (digital Education) Academy". Forbes India. Retrieved 2020-04-12.
  5. ↑ "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.
  6. ↑ "Unacademy provides a platform for seamless education amidst Corona Fear". Republic World. Retrieved 2020-04-12.
  7. ↑ "24-Year-Old Roman Saini Quits IAS To Turn Into A E-Tutor". Huffington Post.
  8. ↑ "Indian edtech Unacademy valued at $3.44 billion in $440 million fundraise". TechCrunch. Retrieved 2021-09-02.
  9. ↑ Shrivastava, Apurwa (2019-09-05). "Making Quality Education Affordable And Accessible, These Front Runners Are Transforming The Learning Ecosystem Through Innovative Solutions". thelogicalindian.com. Retrieved 2020-06-15.
  10. ↑ Vankipuram, Meera (2020-02-24). "Unacademy, Byju's success lifts fortunes of edtech start-ups". Livemint. Retrieved 2020-05-09.
  11. ↑ www.ETtech.com. "Unacademy secures $11.5M funding led by Sequoia India & SAIF Partners - ETtech". ETtech.com. Retrieved 2020-04-12.
  12. ↑ "Online learning platform Unacademy gets $21M Series C from Sequoia India, SAIF and Nexus". TechCrunch. Retrieved 2020-04-12.
  13. ↑ "Unacademy raises $110 million led by Facebook, General Atlantic". The Week. Retrieved 2020-04-12.[self-published]
  14. ↑ Mittal, Aarzoo (2020-07-14). "Unacademy acquires majority stake in Mastree at over Rs 100 Cr valuation". Entrackr. Retrieved 2020-08-10.
  15. ↑ Patwa, Prasannata (2018-10-26). "Unacademy acquires exams preparation start-up WiFiStudy". Livemint. Retrieved 2020-04-12.
  16. ↑ Bansal, Varsha (2018-10-26). "Unacademy acquires test prep platform Wifistudy". The Economic Times. Retrieved 2020-04-12.
  17. ↑ Vankipuram, Meera (2020-03-31). "Unacademy acquires GATE, ESE prep platform Kreatryx". Livemint. Retrieved 2020-04-12.
  18. ↑ "A new home for CodeChef!". CodeChef. 2020-06-18. Retrieved 2020-09-27.
  19. ↑ www.ETtech.com. "Unacademy acquires medical entrance preparation platform PrepLadder for $50 million - ETtech". ETtech.com. Retrieved 2020-08-25.
  20. ↑ Mathur, Nandita (2020-07-14). "Unacademy leads a strategic investment of $5 mn in Mastree". Livemint. Retrieved 2020-08-26.
  21. ↑ "Unacademy acquires test preparation startup Coursavy". The Economic Times. Retrieved 2020-09-26.
  22. ↑ "Unacademy Makes Its Sixth Acquisition Of 2020 With Test Prep Startup NeoStencil". Inc42 Media. 2021-01-01. Retrieved 2021-01-19.
  23. ↑ "Unacademy acquires majority stake in TapChief". The Economic Times. Retrieved 2021-02-16.
  24. ↑ "Unacademy acquires Handa Ka Funda to further CAT and MBA preparation platform". CIOL. 2021-03-30. Retrieved 2021-04-19.
  25. ↑ "All 9 Acquisitions By Unacademy So Far (6 of them happened in 2020!)". CIOL. 2021-01-12. Retrieved 2021-04-19.
  26. ↑ "Unacademy Hacked: 22M User Data Leaked | Details on Data Dump". Hack Reports. 2020-05-07. Retrieved 2020-05-18.
  27. ↑ Ahaskar, Abhijit (2020-05-06). "Millions of Unacademy user accounts exposed in data breach: Report". Livemint. Retrieved 2020-06-15.

External links[edit]

unacademy.com

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