Tuesday, 7 July 2020

Unacademy acquires PrepLadder for


Unacademy acquires PrepLadder for $50M
     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

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. 
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, 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 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. 
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.


No comments:

Post a comment