S. Vishnu Sharma
Unacademy, India’s largest learning platform announced the acquisition of PrepLadder for 50 million dollars. PrepLadder is the leading postgraduate medical entrance exam preparation platform.
This acquisition will further strengthen the presence of Unacademy in medical entrance examination categories such as NEET PG and FMGE.
Unacademy 2020
As a part of its inorganic growth strategy, Unacademy had recently acquired Kreatryx and taken over the
custodianship of CodeChef.
It is interesting to note that Unacademy has recorded a 100% increase in the number of active subscribers since March this year.
Gaurav Munjal, co-founder and CEO of Unacademy said as they strengthen their position as a market leader in the test prep market, bringing PrepLadder on board will play a strategic role for Unacademy in the medical entrance examinations category.
At Unacademy, we have been working towards democratizing education and this acquisition is a step towards achieving that goal.
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‘The exponential growth in the subscriber base of Unacademy is a testament to the increasing demand for quality online education and our consistent efforts.’
I look forward to working with the PrepLadder team as they become a part of the our group, he said. Co-founder of PrepLadder Deepanshu Goyal said they are happy to be a part of the largest learning platform in India.
Unacademy and PrepLadder are working towards the common goal of making quality education accessible to all. We believe that the synergies between both products will truly create a mark in the industry, he said.
In the last three months, the company has recorded a 100% increase in its paid subscriber base.
With increased emphasis on online learning in recent times, the average daily watch time across all platforms has witnessed a steep increase of 100 percent.
The monthly watch time minutes has also reached an all-time high of over 1 billion.
Additionally, over 525,000 learners attempted various mock tests on the platform for competitive examinations such as UPSC, NEET-PG, and CAT among others during this period.
The organisation aims to bring quality education to all Learners by enabling them to learn from India’s Top Educators.
The platform currently has over 10,000 educators, more than 30 million learners and caters to over 35 exam categories.
About Unacademy
Unacademy is an education technology platform founded by Gaurav Munjal, Roman Saini and Hemesh Singh in 2015.
It was started as a YouTube channel by Gaurav Munjal in 2010. Headquartered in Bengaluru, Unacademy is India’s largest learning platform that brings expert educators together with millions of students in need of quality education.
With more than 10,000 registered educators and over 30 million learners, it is changing the way India learns.
The group consists of Unacademy, Unacademy Subscription, Wifistudy, Chamomile Tea with Toppers and Let’s Crack it Brands.
The company is backed by prominent investors such as Facebook, General Atlantic, Sequoia India, SAIF Partners, Nexus Venture Partners, Steadview Capital, and Blume Ventures.
Classroom education in India has stifled many brilliant minds. With Unacademy, India’s largest education platform, we are changing that.
In a span of 6 months, over 300,000 students have benefited from over 2,400 online lessons and specialised courses on cracking various competitive examinations, on this platform.
It has on board some of the top educators in the country, including Kiran Bedi, India’s first woman IPS officer and now the Governor of Pondicherry.
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With over 2 million views every month, we are touching the lives of people in the remotest corners of the country.
The success stories include thousands of students who have cracked toughest of examinations, improved their ability to speak and write better and increase their knowledge.
The vision is to partner with the brightest minds and have courses on every possible topic in multiple languages so the whole world can benefit from these courses.
India is home to 19% of the world’s youth and we are empowering them to take on the world in a manner that classrooms will never do.