SoftBank Invests in India’s Unacademy at $1.45 Billion Valuation
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SoftBank Group Corp. is leading a round of venture investment in India’s education startup Unacademy, boosting its valuation to $1.45 billion as online learning surges during the coronavirus pandemic.
Investors in the $150 million funding include existing backers Facebook Inc. and Sequoia Capital, while SoftBank’s money is coming from Vision Fund 2, a successor to its initial $100 billion fund. The startup’s valuation is tripling from $510 million in February.