By Manish Singh
Indian online learning platform Unacademy said on Tuesday it has acquired Chandigarh-based startup PrepLadder for $50 million as the Facebook-backed edtech giant scouts for deals to expand its presence in the country.
PrepLadder, which employs about 150 people, offers courses aimed at medical students. The two-year-old startup, which never raised any capital from external investors, has more than 80,000 subscribers, said PrepLadder co-founder Deepanshu Goyal.
“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.
Happy to announce that PrepLadder, India’s largest higher medical education platform, is now a part of Unacademy Group. pic.twitter.com/7E5WyoIrzo
— Gaurav Munjal (@gauravmunjal) July 7, 2020
The acquisition of PrepLadder comes as both Unacademy and Byju’s — the two edtech leaders in India — have engaged in M&A talks with several local startups in recent months to further their dominance in the nation. In a call with reporters today, Gaurav Munjal, co-founder and chief executive of Unacademy, said he was open to talking with more startups to explore for opportunities for them to …read more
Source: Tech Crunch