Education technology startup Unacademy has raised $110 million from social networking giant Facebook and US private equity firm General Atlantic, at a post-money valuation of $510 million. Existing investors Sequoia India, Nexus Venture Partners, Steadview Capital and Blume Ventures also participated in the round, apart from investments by Flipkart CEO Kalyan Krishnamurthy and Udaan co-founder Sujeet Kumar in their individual capacities. Unacademy, which focuses on preparing students for competitive exams, said it would utilise the money to increase the number of competitive exams it currently services, bring top educators onto its platform and improve the quality of content.

(ET Tech)