Unacademy raises $500,000 from Blume Ventures, marquee angels

Unacademy raises $500,000 from Blume Ventures, marquee angels

Submitted by alvin on Thu, 2016-05-12 13:51 Bengaluru: Free learning platform Unacademy has raised $500,000 in their first round of external investment. The investment round is being led by Blume Ventures along with Rajan Anandan (Google), Sumit Jain (CommonFloor), Aprameya Radhakrishna (Taxi4Sure) and Sujeet Kumar (earlier Flipkart), Phanindra Sama (RedBus) among others.   “Unacademy’s vision is to distribute knowledge of the educators and innovators in the form of mini courses having lessons of not more than 10 minutes each. The platform makes the discovery of these courses easy which the learners can then take and track their progress.” says GauravMunjal, Co-Founder and CEO, Unacademy.   Unacademy, which started as an educational YouTube channel, launched its free learning platform Unacademy.in in January 2016. While the YouTube channel has more than 15 million video views making it one of the top educational channels in the country, the platform has more than 1500 lessons ranging from learning a new language to cracking government examinations.   Karthik Reddy,Managing Partner, Blume Ventures said, “Unacademy is a manifestation of the team’s vision to make all forms of educative material so intuitive and accessible that learning becomes extremely interesting and scalable. Whether it’s the brightest kid in class summarising course material for his fellow classmates or someone getting tips for a civil services exam or a first-time traveller to the US getting life tips, these were non-scalable in the past. By fluidly weaving them into the content format that Unacademy has, teaching and learning can be truly democratic - at an unprecedented scale. Delivery of education in India needs radical shifts and Unacademy is a bet to deliver that objective.”   Unacademy allows educators to create courses on the platform. All educators go through an interview process and selection is based on their experience. The company helps educators create these courses which are then available on the platform for free.