Facebook-backed Unacademy acquires PrepLadder for $50 million

Facebook-backed Unacademy acquires PrepLadder for $50 million

Indian on-line studying platform Unacademy stated on Tuesday it has acquired Chandigarh-based startup PrepLadder for $50 million as the main edtech large scouts for offers to increase its presence within the nation.

PrepLadder provides programs geared toward nursing college students. The two-year-old startup, which by no means raised any capital from exterior buyers, has greater than 80,000 subscribers, stated Deepanshu Goyal, its founder on Tuesday.

The acquisition of PrepLadder comes as each Unacademy and Byju’s — the 2 edtech leaders in India — have engaged with a number of startups in latest months to additional their dominance within the nation. In a name with reporters right now, Gaurav Munjal, co-founder and chief govt of Unacademy, stated he was open to speaking with extra startups to see alternatives to work collectively.

Facebook-backed Unacademy, which started as a YouTube channel in 2015, has amassed over 30 million learners on the platform, greater than 200,000 of that are paid subscribers. More than 700,000 customers entry its app and web site every day.

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