Illustration: Rahul Awasthi Unacademy is finalising a deal to boost round $150 million led by SoftBank , sources within the know instructed ET, boosting the ed-tech startup’s pre-money valuation to $1.three billion, second solely to trade chief Byju’s. Unacademy final picked up $110 million from Fb and PE agency Normal Atlantic in February, at a valuation of $510 million. Present buyers can even take part within the newest fairness funding spherical, the sources mentioned with out sharing additional particulars. Sequoia Capital, Nexus Enterprise Companions, Steadview Capital and Blume Enterprise have been early backers of the agency. Unacademy didn’t reply to ET’s emails looking for remark. A SoftBank spokesperson mentioned the agency is not going to touch upon market “hypothesis”. The fundraising will mark the primary funding in an Indian agency by SoftBank since December, when it had backed eyewear retailer Lenskart . The famed expertise investor has over the previous 12 months sl
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