Dragoneer, Zeta’s Bhavin Turakhia participated in Unacademy’s latest funding round

Bengaluru: Dragoneer Investment Group, an existing investor in Unacademy, and Zeta cofounder Bhavin Turakhia participated in Unacademy’s latest funding round, the edtech startup’s cofounder and chief executive has said.

Turakhia and Dragoneer together put in $10 million out of the $440 million raised, Gaurav Munjal said. This is the Zeta cofounder’s first ever startup investment. He has been on the board of Unacademy since 2017.

As reported by ET last week, Unacademy is now valued at $3.4 billion — a 70% bump-up from its previous fundraising less than a year ago. Dragoneer first invested in Unacademy in November 2020 along with Tiger Global.


SoftBank Vision Fund II, South Korea’s Mirae Asset, General Atlantic and Tiger Global are among the edtech unicorn’s prominent investors. Aroa Ventures, Oyo Hotels & Homes founder Ritesh Agarwal’s family office, as well as Zomato CEO Deepinder Goyal also invested in the company last week.

In an exclusive chat with ET, Munjal said that he wants to build Unacademy as a “broader technology firm with multiple consumer-facing products, and not be restricted to edtech.”

He plans to use the funding to build new lines of business in segments such as jobs and hiring, where it will compete with the likes of Naukri.com and Linkedin. Unacademy will also launch creator-led short courses and scale existing businesses such as test preparation and K-12 coaching (from Kindergarten to Class XII).

“We want to be a technology company with multiple consumer internet products across sectors. For example, in edtech, we will go deep into two areas—K-12 and careers. Then, there are two markets in upskilling and higher education—degrees and direct jobs—that we also want to push,” he said.