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Softbank Joins India's Online Education Boom With Startup Funding - Nikkei Asian Review

by asia.nikkei.com posted 3weeks ago 40 views
TOKYO -- SoftBank Group has joined India's booming online education market by leading a $150 million investment in local startup Unacademy. Unacademy said in a statement Wednesday the investment values it at $1.45 billion. That is nearly triple its $510 million valuation in February. The deal is a sign that SoftBank remains willing to invest in startups while it focuses on raising cash to help weather the pandemic. SoftBank made its investment through Vision Fund 2, a vehicle currently funded entirely by the Japanese group.

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