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Havish Gupta
Figuring Out • 8m
Imagine a place where you can learn or teach anything! Well, Thats Udemy, an EdTech startup founded by Eren Bali and Gagan Biyani in 2010. In Feb 2010, the founders tried to raise funds for it but they were rejected 30 times. Thus, they bootstrapped the development and launched it in May 2010. Within a few months, Udemy had over 2,000 courses and 10,000 learners. This helped them raise a $1 million. With this, Udemy continued to grow and later launched Udemy Business, enabling companies to upskill their teams. Udemy Says that more than 50% of the Fortune 100 are Udemy Business customers, including Volkswagen and TCS! In February 2020, Udemy raised $50 million, achieving a $2 billion valuation and officially becoming a unicorn. Today, Udemy has over 70 million learners, learning from 220,000+ courses. It is listed on Nasdaq with a $1.5 billion valuation and tops its competition with $700 million sales. Note: Their stock is currently at an all-time low, so research and invest.
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