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User:Pravega/sandbox/Unacademy

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Unacademy
Company typePrivate
IndustryEdtech[1]
Founded2015; 9 years ago (2015)
Founders
  • Gaurav Munjal
  • Roman Saini
  • Hemesh Singh
Headquarters
Bengaluru, Karnataka
,
India
Key people
Gaurav Munjal (CEO)
Websiteunacademy.com

Unacademy is an Indian online education technology[2] company based in Bangalore. It was originally created by Gaurav Munjal as a YouTube channel in 2010.[3] As a company, it was established in 2015 by Gaurav Munjal, Roman Saini and Hemesh Singh, and is headquartered in Bangalore.[4][5] The company provides preparation material for many professional and educational entrance exams, in the form of Unacademy's live classes on YouTube.[6][7]

History

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Gaurav Munjal Started Unacademy as a YouTube channel in 2010. In 2015 Unacademy was officially registered as an education company in Bangalore. Known as “Unacademy Subscription” (formerly known as Unacademy Plus) is a paid learning service provided by the company. The company currently provides preparation study material for students aspiring for civil services, bank jobs and other competitive exams.[8] A privately held company, Unacademy has received funding through a series of large offerings,[9][10] Including investments from US private equity firm General Atlantic, Facebook, Nexus Venture Partners, Blume Ventures, Steadview Capital, Sequoia India, SAIF Partners and Flipkart CEO Kalyan Krishnamurthy.[11][12] As of July 2020, Unacademy worth 1.45 billion USD.[13]

Acquisition

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In 2018, Unacademy acquired WiFiStudy for $10 million. WiFiStudy is a YouTube-based online exam preparation and learning platform founded in 2013 by Dinesh Godara. WiFiStudy focuses on preparing for competitive public sector exams like Staff Selection Commission (SSC), Banking, Railway and State Police.[14][15][16]

Later the company acquired

The company acquired Mumbai-based online competitive programming platform CodeChef in June 2020.[17]

The company acquired Gurugram-based NEET PG On-line Coaching platform PrepLadder in July 2020 for $50 million.[18]

The company acquired a major stake in Mastree, the K12 learning platform, by investing $5 million on July 12, 2020.[19]

The company acquired UPSC test prep platform Coursavy in Sept 2020.[20]

Notable teachers

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Many notable personalities and public figures delivered classes under Unacademy's educational programs such as 'Legends on Unacademy'.[21]

Data Breach

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In May 2020, Unacademy's security was questioned by a 'For Sale' ad on the dark web that promised to sell the sensitive information of 22 million Unacademy accounts for $2000. The data dump (as obtained and claimed by some researchers) contains name, username, email id, password and other details. Unacademy officials later confirmed that nearly 11 million accounts were compromised, but nothing valuable was leaked or misused. Unacademy reassured the fact that no sensitive information has been compromised in their official statement on the issue.[29][30]

Anti-Hindu Controversy

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In May 2021, a teacher from Unacademy published a question paper in which the teacher portrayed the Hindu community as a violent community and the Muslims as a peaceful community. This sparked outrage on social media and was condemned by many social media personalities. A day later Unacademy published an online apology.

See Also

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References

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  1. ^ "Unacademy looks at omni-channel retail, launches physical stores". The Economic Times. Retrieved 2022-03-31.
  2. ^ "Edtech firm Unacademy moves beyond digital learning, launches first physical store in Delhi". ThePrint. 2022-03-12. Retrieved 2022-03-31.
  3. ^ "Unacademy: A New (digital Education) Academy". Forbes India. Retrieved 2020-04-12.{{cite web}}: CS1 maint: url-status (link)
  4. ^ "Unacademy to conduct free full-length UPSC CSE Prelims – General Studies Paper Mock Tests for 2020 UPSC aspirants - Times of India". The Times of India. Retrieved 2020-04-12.{{cite web}}: CS1 maint: url-status (link)
  5. ^ "This 24-Year-Old Quit IAS To Become An Unpaid E-Tutor". HuffPost. 2016-01-10. Retrieved 2022-03-31.
  6. ^ Shrivastava, Apurwa (2019-09-05). "Making Quality Education Affordable And Accessible, These Front Runners Are Transforming The Learning Ecosystem Through Innovative Solutions". thelogicalindian.com. Retrieved 2020-06-15.
  7. ^ Vankipuram, Meera (2020-02-24). "Unacademy, Byju's success lifts fortunes of edtech start-ups". Livemint. Retrieved 2020-05-09.
  8. ^ Ganguly, Anindita (2018-02-25). "Decoding the Rise and Rise of Unacademy". Entrepreneur. Retrieved 2020-05-09.
  9. ^ www.ETtech.com. "Unacademy secures $11.5M funding led by Sequoia India & SAIF Partners - ETtech". ETtech.com. Retrieved 2020-04-12.
  10. ^ "Online learning platform Unacademy gets $21M Series C from Sequoia India, SAIF and Nexus". TechCrunch. Retrieved 2020-04-12.{{cite web}}: CS1 maint: url-status (link)
  11. ^ "Unacademy revamps app to enhance learner experience - Times of India". The Times of India. Retrieved 2022-03-31.
  12. ^ "Unacademy raises $110 million led by Facebook, General Atlantic". The Week. Retrieved 2020-04-12.{{cite web}}: CS1 maint: url-status (link)
  13. ^ Mittal, Aarzoo (2020-07-14). "Unacademy acquires majority stake in Mastree at over Rs 100 Cr valuation". Entrackr. Retrieved 2020-08-10.
  14. ^ Patwa, Prasannata (2018-10-26). "Unacademy acquires exams preparation start-up WiFiStudy". Livemint. Retrieved 2020-04-12.
  15. ^ Bansal, Varsha (2018-10-26). "Unacademy acquires test prep platform Wifistudy". The Economic Times. Retrieved 2020-04-12.{{cite news}}: CS1 maint: url-status (link)
  16. ^ Vankipuram, Meera (2020-03-31). "Unacademy acquires GATE, ESE prep platform Kreatryx". Livemint. Retrieved 2020-04-12.
  17. ^ "A new home for CodeChef!". CodeChef. 2020-06-18. Retrieved 2020-09-27.
  18. ^ www.ETtech.com. "Unacademy acquires medical entrance preparation platform PrepLadder for $50 million - ETtech". ETtech.com. Retrieved 2020-08-25.
  19. ^ Mathur, Nandita (2020-07-14). "Unacademy leads a strategic investment of $5 mn in Mastree". Livemint. Retrieved 2020-08-26.
  20. ^ "Unacademy acquires test preparation startup Coursavy". The Economic Times. Retrieved 2020-09-26.
  21. ^ a b DelhiApril 17, India Today Web Desk New; April 17, 2020UPDATED; Ist, 2020 16:01. "Shashi Tharoor, Kiran Bedi, Virat Kohli and Anushka Sharma are teaching live classes on this website!". India Today. Retrieved 2020-06-19. {{cite web}}: |first3= has numeric name (help)CS1 maint: numeric names: authors list (link)
  22. ^ "Pranab to inaugurate Unacademy, The Hindu summit for civil service aspirants". The Hindu. Special Correspondent. 2020-06-22. ISSN 0971-751X. Retrieved 2020-08-06.{{cite news}}: CS1 maint: others (link)
  23. ^ Tewari, Saumya (2020-04-22). "Virat Kohli, Anushka Sharma motivate students via Unacademy amid lockdown". Livemint. Retrieved 2020-06-19.
  24. ^ "Twitter - Shashi Tharoor". Twitter. Retrieved 2020-06-19.{{cite web}}: CS1 maint: url-status (link)
  25. ^ "Twitter - Kiran Bedi". Twitter. Retrieved 2020-06-19.{{cite web}}: CS1 maint: url-status (link)
  26. ^ Service, Tribune News. "Boxing is not a sport just for men: Mary Kom tells students". Tribuneindia News Service. Retrieved 2020-06-19.
  27. ^ "Sourav Ganguly conducts Live class on Unacademy". afaqs!. Retrieved 2020-06-19.
  28. ^ "Viswanathan Anand (vishy.anand18-432)". Unacademy. Retrieved 2020-09-26.
  29. ^ "Unacademy Hacked: 22M User Data Leaked | Details on Data Dump". Hack Reports. 2020-05-07. Retrieved 2020-05-18.
  30. ^ Ahaskar, Abhijit (2020-05-06). "Millions of Unacademy user accounts exposed in data breach: Report". Livemint. Retrieved 2020-06-15.
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Category:Indian educational websites Category:Educational websites Category:Educational technology companies Category:Education companies of India Category:Indian companies established in 2015 Category:2015 establishments in Karnataka Category:Internet properties established in 2015 Category:Online tutoring Category:Virtual learning environments Category:Distance education institutions based in India

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