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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

Mux — the main video platform for builders — introduced it has closed $37 million in Sequence C funding Mux — the main video platform for builders — introduced it has closed $37 million in Sequence C funding. This spherical of funding was led by Andreessen Horowitz with participation from Cobalt and Accel. With this spherical, Mux will increase product, gross sales, and advertising and marketing groups to assist extra of the world’s main corporations ship the perfect on-line video streaming experiences. Mux basically takes the complexity out of a sophisticated technical course of. And Mux does this by offering an API that permits any sized improvement staff to construct top quality stay and on-demand video experiences throughout all kinds of units and connections. The corporate’s know-how is crucial as streaming video consumption has skyrocketed over the past 6 months. In accordance with Mux’s analysis, social media clients noticed a rise of 118% in video streaming since mid-February w