Sachin Bansal and Vijay Shekhar Sharma back Unacademy, venture raises $1 million

Ed-tech startup Unacademy, which allows educators to create courses using their app on various subjects, has raised $1 million in their second round of external investment.

The funding is led by Blume Ventures, along with Stanford Angels India, WaterBridge Ventures, Sachin Bansal, Binny Bansal, Vijay Shekhar Sharma, Kunal Shah, Sandeep Tandon, Ashish Tulsian and Tracxn Labs.

The round also saw participation by existing investors: Sujeet Kumar (ex-Flipkart), Aprameya Radhakrishnan (Taxi4Sure), Phanindra Sama (RedBus), Sumit Jain (CommonFloor) and Vikas Malpani (CommonFloor).

The startup will use the money towards product technology, research and development, and hiring.