Unacademy :

An Introduction to Unacademy

Free video lectures on a variety of disciplines are available on Unacademy’s learning platform, which also provides information for major competitive exams. It helps students prepare for their competitive exams and encourages them to learn on their own.

A YouTube channel called Unacademy was started in 2010 and Unacademy formally debuted in 2015 as a website. The company’s goal is to become the greatest multilingual online information resource in the world.

Preply Innovation and Startup Idea

Lessonly :

Teachers and students alike are empowered by the use of technology to establish a learning community. It is their goal to collaborate with the best brains and make education available to everyone.

Company Background

Free and paid programs are available at Unacademy, a renowned online edtech firm. To help students study for various competitive exams, Unacademy operates out of Bengaluru and serves students from all across India.

These include the UPSC and State PSC examinations as well as bank exams and railway tests as well as defense exams such as the NEET and GATE. School tests are also covered by this firm.

Unacademy’s mission is to provide students with an education that goes beyond textbooks and the traditional classroom setting in order to help them learn more, enhance their communication skills, and raise their chances of succeeding in difficult competitive tests.

With the support of a professionally developed curriculum, technology integrations and hundreds of outstanding educators available on the Unacademy platform, this may be achieved.

Gaurav Munjal, the company’s founder, launched a tiny learning effort on YouTube in 2010 that eventually became Unacademy. By providing students with additional information and insight, they hoped to assist them succeed in their chosen professional path. Throughout the years, the concept grew, and in 2015, Unacademy was formally established.

Roman Saini and Hemesh Singh, two of Gaurav’s co-founders, have been instrumental in the company’s development. Recently, Unacademy has become one of the fastest firms in the edtech industry to earn the coveted “Unicorn” status. Currently, Unacademy is worth $1.45 billion.

Unacademy’s Business Model

Unacademy’s founders have been experimenting with the notion of monetizing their YouTube channel’s instructional content for some time now. As a consequence, Unacademy was born, a learning platform that provided both free and paid lessons to its users.

This method of doing pre-recorded and live lessons has been refined and improved throughout the years In addition to live doubt-solving sessions, you may download the courses for offline watching, communicate with the teachers, and get assignments tailored to your class.

There is also a group chat for further questions. Paid subscribers have access to the live courses. Unacademy Plus is the commercial edition of Unacademy. For each competitive test, Unacademy Plus subscriptions vary. Course and duration have a significant impact on this.

Similarly, the free lessons are pre-recorded and do not include any of the aforementioned extras or benefits. There are a variety of video quality and playback speed options, so it is possible to see the films even if your internet connection is spotty.

Funding

On February 2021, Unacademy received a $50 million investment from current investors. Investors in the tiger global group include Dragoneer Investment Group, Steadview Capital, and General Atlantic. Investors contributed more than $400 million to the company’s coffers.

India’s second e-learning startup, Unacademy, will enter the unicorn club in September 2020, following BYJU. SoftBank led a $159 million investment round for Unacademy that valued the company at $1.45 billion, a threefold increase.