Unacademy acquires PrepLadder for $50M

July 7, 2020

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Unacademy acquires

PrepLadder is a leading platform for postgraduate medical entrance exam preparation
This acquisition further strengthens Unacademy’s presence in postgraduate medical entrance exam categories like NEET PG and FMGE
Since March 2020, Unacademy has recorded a 100% increase in the number of active subscribers
The monthly watch time has reached an all-time high of over 1 Billion minutes
Over 525,000 learners have undertaken mock tests on the Unacademy platform for competitive examinations like UPSC, NEET-PG, and CAT

India, July 07, 2020 – Unacademy, India’s largest learning platform, today announced the acquisition of PrepLadder, a leading postgraduate medical entrance exam preparation platform for $50M. This acquisition will further strengthen Unacademy’s presence in medical entrance examination categories such as NEET PG and FMGE. As a part of its inorganic growth strategy, Unacademy had recently acquired Kreatryx and taken over the custodianship of CodeChef.

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Started in 2016, PrepLadder specializes in medical examinations and provides access to education services and preparation material for exams such as NEET PG, AIIMS PG, NEET SS, and FMGE. Founded by Deepanshu Goyal, Vitul Goyal, and Sahil Goyal, the company was built with the vision to provide affordable and quality education to students preparing for postgraduate medical entrance exams across the country. Currently, PrepLadder has expert educators teaching over 85,000 active subscribers.

“As we strengthen our 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 acquires we have been working towards democratizing education and this acquisition is a step towards achieving that goal. The exponential growth in Unacademy’s subscriber base 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 Unacademy Group.” stated Gaurav Munjal, Co-Founder, and CEO, Unacademy.

On this, Deepanshu Goyal, Co-Founder, PrepLadder expressed, “We are extremely happy to be a part of the largest learning platform in India. Unacademy acquires 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.”

In the last 3 months, Unacademy 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 Unacademy platforms has witnessed a steep increase of 100%. 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.

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Unacademy 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, 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, Unacademy is changing the way India learns. The Unacademy 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.

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