Leading social media platform Facebook is pumping $110 million of funding into Unacademy, one of India’s fastest growing education technology startup. Earlier Facebook had invested in Meesha, a social-commerce venture empowering first-time entrepreneurs, especially women from small towns. “We thank Facebook and other investors who have joined us in this journey and are supporting our initiative. Our goal is to democratize education and become not just the largest educational organisation but the largest consumer Internet story out of India," Gaurav Munjal, Co-Founder and CEO, Unacademy, said in a statement.
“Facebook is an ally for India’s economic growth and social development and we’re excited about India and its rapidly rising Internet ecosystem,” Ajit Mohan, Vice President and Managing Director, Facebook India, told the press. “With this investment in Unacademy, we are reinforcing our commitment to the Indian startup ecosystem as well as investing in a company that is transforming learning in India,” Mohan added.
With over 2 million views every month, Unacademy is touching the lives of people in the remotest corners of the country. Its success stories include thousands of students who have cracked toughest of examinations, improved their ability to speak and write better and increase their knowledge.
