Unacademy acquires PrepLadder for $50M
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PrepLadder is a leading platform for postgraduate medical entrance
exam preparation
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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.
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