As students across the country turned to online
education over the last 40 days, Edtech firms have witnessed unprecedented
growth. Online learning platform Unacademy’s chief executive Gaurav Munjal said
on Monday that the firm’s revenue in April was “more than all of 2017, 2018,
and also the half of 2019 combined.”
As per Startup funding News - Unacademy claims to own seen an 82% surge in revenue in
April in comparison to the previous month while also registering quite 10X
growth as compared to April 2019.
“This has been an exceptional month for us and
while we were working remotely, I saw all teams being super productive and
efficient,” said Munjal in an exceeding tweet. “We broke some records this
month.”
According to the startup funding news, there have been 165 million video views on
YouTube in April, which was highest in an exceedingly month since its inception
in 2015. the overall watch time of these videos stands at a staggering 1.4
billion minutes across YouTube, special classes, free also as a subscription as
per Startup funding India.
During this era, Unacademy conducted 1,20,000
live classes and a pair of,64,000 tests on its platforms. As far because the
number of tests is anxious, it was approx 247% growth as compared to March as
mentioned in the startup funding news.
To recall, Unacademy had crossed a watch time of 1 billion minutes across its
platform and YouTube and conducted 100,000 live classes in March.
As per estimates, Unacademy has around 1,
00,000 subscribers and sure to own an operating revenue of Rs 120 crore in FY20,
reported by Startup funding India. Backed
by the likes of Facebook, Steadview, General Atlantic and Sequoia, Unacademy
had recently raised $110 million in its Series E round at a valuation of $510
million.
For more Startup Funding News and information, click on the given Link – Startup Funding India
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