- This investment will further strengthen Unacademy’s presence in the K12 learning space
- Mastree will join the Unacademy Group
- Mastree will launch a one-stop subscription product for STEAM courses for classes 5-8
Delhi, July 14, 2020 – Unacademy, India’s largest learning platform, today announced that it has led a strategic investment of $5M to acquire a majority stake in Mastree, a leading K12 learning platform. This will further strengthen Unacademy’s presence in the K12 learning space. With this investment, Mastree will join the Unacademy Group, which consists of Wifistudy, Kreatryx, PrepLadder, and CodeChef. In addition to the investment, Unacademy has provided Blume Ventures an exit.
Started in October 2019, Mastree recognized the gaps in foundational learning and the challenging transition to middle school for both students and parents. Founded by Shrey Goyal and Royal Jain, the company’s mission is to help bridge this gap by strengthening the foundation and inspiring students to achieve excellence. Mastree is building a one-stop subscription product for STEAM (Science, Technology, Engineering, Arts and Mathematics) courses, for classes 5-8, which will include Live Classes in small groups for mathematics, science, public speaking, creative writing, Vedic mathematics, and others. Along with Live Classes, students can also utilise various features like doubt solving, unlimited personalised practice, Live quizzes, etc.
“During our first meeting, Shrey and Royal showed us the product they were building. We were very excited about it, and hence we decided to partner together. Unacademy and Mastree have a shared vision, and together we want to create an impact and make quality education accessible and affordable. Mastree is building a highly impactful subscription product, and it will change the way students learn. We are very happy to have Mastree as part of the Unacademy Group,” said Gaurav Munjal, Co-Founder and CEO, Unacademy.
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“Mastree’s mission is to help students achieve academic excellence by igniting their curiosity and providing them with personalised and affordable education. We are excited to be a part of the Unacademy Group and have the Unacademy team as a partner and mentor in this journey,” said Shrey Goyal, Co-Founder and CEO, Mastree.
Unacademy aims to bring quality and affordable education to all Learners by enabling them to learn from India’s Top Educators. The platform currently has over 20,000 Educators, 30 million+ Learners, and caters to over 35 exam categories.
About Unacademy Group:
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 a growing network of more than 20,000 registered educators and 30 million learners, Unacademy is changing the way India learns. The Unacademy group consists of Unacademy, Unacademy Subscription, Wifistudy, Kreatryx, PrepLadder, CodeChef, Graphy, 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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