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<ul><li><keyword id="6630114" type="UNKNOWN" weightage="20" keywordseo="unacademy">Unacademy</keyword> has raised $50 million in a series D round of funding. </li><li>The startup has investors like Steadview Capital, Sequoia India, Nexus Venture Partners and Blume Ventures.</li><li>The Indian <keyword id="6379645" type="UNKNOWN" weightage="20" keywordseo="Online-Education">online education</keyword> space has players like Byju’s which has also reported profitability.</li></ul>Indian online education startup Unacademy has raised $50 million in a series D round of funding from investors like Steadview Capital, Sequoia India, Nexus Venture Partners and Blume Ventures. The investment, which will go towards bringing on board more educators and better the product, also saw the founders Gaurav Munjal and Roman Saini participate in the round. “In the last few months, we have taken bigger strides toward achieving this mission. We have more than 400 top educators from across the country taking live classes every day on Unacademy Plus. This is available to every student, irrespective of their location,” said Munjal. Unacademy plus is the startup’s subscription plan which has more than 50,000 learners. The startup, which was founded in 2015, has over 13 million learners. “We are seeing unprecedented growth and engagement from learners in smaller towns and cities, and are also very humbled to see that top-quality educators are choosing Unacademy as their primary platform to reach out to students,” said Munjal. This also shows the growth trajectory of Indian online education space. Online education industry in India is expected to hit 9.6 million by 2021 user base, which was 1.6 million in 2016, as per a KPMG report. In fact, a survey by education startup GradeUp also shows that students are counting on online teaching for competitive exams — JEE, NEET, GATE, SSC and banking exams. Meanwhile, the big player in Indian <keyword id="1974983" type="ORGANIZATION" weightage="20" keywordseo="Edutech">edutech</keyword> space remains Byju’s – which had recently reported profitability with an increase in the number of paid users. Its revenue has tripled to reach ₹14.3 billion in the financial year ending March 2019, though it has not shared the net profit numbers. This volume of numbers has also brought in the renewed interest of investors, who are betting on the Indian education technology space. Interestingly, Sequoia is a common investor between Byju’s and Unacademy. See Also: <a href="https://www.businessinsider.in/indian-students-prefer-online-coaching-for-jee-neet-gate-ssc-and-banking-exams/articleshow/69956565.cms">Indian students prefer online coaching to offline classes</a> <a href="https://www.businessinsider.in/mukesh-ambani-reliance-jio-and-byju-feature-in-meeker-report/articleshow/69770325.cms">Mukesh Ambani’s Jio and a startup Byju's are in global spotlight as India’s internet users exceed that of US</a>

Unacademy raises $50 million as Byju’s success draws top dollars into online education in India

<ul><li>Students are counting on online teaching for competitive exams — JEE, NEET, GATE, SSC and banking exams, showed a survey by education platform Gradeup. </li><li>Live classes enabled the students to interact with co-learners and teachers along with instant resolutions to their queries. </li><li>Online education industry is expected to hit 9.6 million by 2021 user base, which was 1.6 million in 2016, as per a KPMG report. </li></ul>Indian students seem to favour online training programmes over classroom coaching, thanks to live sessions and easy accessibility. Students are counting on <a href="https://www.business-standard.com/article/pti-stories/students-prefer-online-coaching-for-competitive-exams-than-offline-classes-survey-119062500448_1.html">online teaching for competitive exams</a> — JEE, NEET, GATE, SSC and banking exams, as per a survey by education platform Gradeup. As many as 90% of the respondents prefer to take <keyword id="4666000" type="PERSON" weightage="20" keywordseo="Online-Coaching">online coaching</keyword>. Uttar Pradesh, Andhra Pradesh and Telangana have the maximum share of students opting for them. This trend can be attributed to the growing participation in live sessions and recorded lectures, thereby making it convenient for students to study from home. "‘Gradeup Classroom - Live Classes’ has been able to bridge several gaps pertaining to students’ exam preparation, with measurable outcomes; expert teachers, structured study plans &amp; instant student-teacher interaction. This has enhanced the overall learning experience with more interactive learning," Shobhit Bhatnagar, Co-Founder, Gradeup told Business Insider. Live classes enabled students to interact with co-learners and teachers along with instant resolution to queries. In fact, nearly 20% of the students are willing to shell out more money to benefit from online sessions. "This has had a significant impact on students in Tier 3 and Tier 4 cities. While they may have limited access to coaching centers or find that the fees are out of reach, with online live classes, they now have access to the best teachers and courses wherever they are," Bhatnagar added. For instance, Vedantu, an online tutoring platform is working on providing a personalised experience to its students with the help of Artificial Intelligence tools. The platform has live teachers to explain concepts. “It’s like an audio-visual whiteboard which allows space for interactive learning and teaching at the same time,” Anand Prakash, Co-Founder <a href="https://www.thebetterindia.com/186160/iit-live-tutoring-jee-students-online-education/">told</a> The Better India. The larger picture Technology has revolutionized India’s education sector. “Students are using these self-learning applications along with their regular studies. Times are changing, so is the learning style of the kids,” Sangeeta Singh, Principal Delhi Public School <a href="https://www.tribuneindia.com/news/bathinda/trend-of-online-coaching-catches-fancy-of-students/790969.html">told</a> The Tribune. Online education platforms including <keyword id="1998561" type="PERSON" weightage="20" keywordseo="Internshala">Internshala</keyword>, Byju’s and Coursera have transformed the e-learning space in India. Overall, the user base of the online education industry is expected to hit 9.6 million by 2021, which was 1.6 million in 2016, as per a <a href="https://www.businessinsider.in/most-demanded-skiils-by-employers-in-india/articleshow/69085603.cms">KPMG report</a>. The scope of online training is not limited to school and competitive exam coachings. Given the need to adapt to the changing skill demand in the job market, online training has helped job seekers learn new skills. See also: <a href="https://www.businessinsider.in/most-demanded-skiils-by-employers-in-india/articleshow/69085603.cms">These are the most popular e-learning subjects for millenials</a> <a href="https://www.businessinsider.in/internships-in-india-on-the-rise-with-startups-leading-the-way/articleshow/67655265.cms">India sees steep rise in internships across different industries as young graduates seek more skills: survey</a>

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Unacademy raises $50 million as Byju’s success draws top dollars into online education in India

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Indian students prefer online coaching to offline classes

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