Facebook's second investment in India - Education Startup Unacademy

Bengaluru, Feb 19 (IANS) Social media giant Facebook on Wednesday joined General Atlantic, Sequoia India and others for a fresh $110 million round of funding into one of India''s fastest growing education technology start-up Unacademy.

This is the second investment by the social networking giant in India. Last year, Facebook made its first minority investment in a local startup called Meesho, a social-commerce venture empowering first-time



entrepreneurs, especially women in small towns.

"Facebook is an ally for India''s economic growth and social development, and we are excited about India and its rapidly rising Internet ecosystem," said Ajit Mohan, Vice President and Managing Director, Facebook India.

"With this investment in Unacademy, we are reinforcing our commitment to the Indian startup ecosystem as well as investing in a company that is transforming learning in India,"