One of the largest learning platforms in India with over 50,000 registered educators and over 49 million learners. Headquartered in Bengaluru, Unacademy caters to students across 5,000 cities and in 14 Indian languages.
Founded by Gaurav Munjal (30), Roman Saini (29) and Hemesh Singh (28). Munjal is a computer engineering graduate from NMIMS, Mumbai. Saini was one of the youngest persons to clear the IAS exams and has done his MBBS from AIIMS, Delhi. Singh is an engineer with expertise in building and scaling web and mobile products.
The Big Idea
Providing live learning from the best educators at an affordable cost and to democratise access to high-quality education.
The Eureka Moment
When Munjal was in class 11, a JEE coaching centre had rejected him, saying they could not put him in the batch that had the best teachers. Later, he, along with Saini and Singh, worked on the idea to make such teachers accessible to all and, in 2019, launched a product which has around 500,000 paid subscribers.
Unacademy raised $500,000 (Rs 3.7 crore) in seed funding led by Blume Ventures in 2016. It received early-stage funding from investors like Sequoia, SAIF Partners, Nexus Venture Partners and Blume Ventures. It raised over $400 million (Rs 2,971 crore) from 11 rounds of funding.
“Gaurav, Roman and Hemesh are driven founders with a focused mission and that is having a clear effect on the pace of production innovation, team-building and overall growth.”
—Shailendra Singh, MD, Sequoia Capital India
The Business Model
Unacademy aims to build the world’s largest educational repository by empowering educators and, to make this sustainable, it uses a ‘Freemium Business Model’. Students have to pay a small subscription fee to access live classes and personalised learning.
Next Big Thing
Continue selling products already launched—test prep, K-12, Graphy (a platform for creators) and Relevel (a hiring tests platform), but also launch new products and support them in marketing.
Did You Know?
Munjal met actor Shah Rukh Khan on the sets of Kaun Banega Crorepati in 2001 and handed him a note that said one day he would make it so big that the star would want to meet him. Khan had responded with a smile.