Tencent is among the possible participants in a round that could reportedly double the online learning service provider's $510m valuation.
Unacademy, the India-based online exam preparation platform backed by social media company Facebook, is looking to raise up to $150m, the Economic Times reported on Friday, citing undisclosed sources.
Internet group Tencent has expressed interest in investing, as have unnamed US hedge funds. Existing investors including growth equity firm General Atlantic and alternative asset manager Steadview Capital are likely to participate in the round, which could value the company in excess of $1bn.
Founded in 2015, Unacademy runs an online…
