Serial entrepreneur Bhavin Turakhia made his first ever angel investment in online learning platform Unacademy, as part of its $440 million round at a $3.4 billion valuation.
Turakhia invested $10 million along with Dragoneer Investment Group. He has been on Unacademy's board since 2017.
Turakhia, founder and CEO of banking software platform Zeta, also shares SoftBank as a common investor in the two companies.
Dragoneer first invested in November 2020 via a secondary transaction, where it acquired stakes from existing investors.
Turakhia and Munjal go back more than a few years. Munjal had told Moneycontrol in its Twitter Spaces show, All About Books, that he looks to Turakhia for book recommendations, among other things.
Unacademy raised $440 million last week from investors including Temasek, Mirae Asset, Tiger Global and SoftBank.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
