BENGALURU: Schooling know-how startup Unacademy has acquired Chandigarh-based PrepLadder for $50 million in a money and inventory deal. This marks Unacademys fourth acquisition in lower than two years, after it purchased authorities exams preparation platform Wifistudy, aggressive programming web site CodeChef, and GATE teaching web site Kreatryx.
The whole 250-member staff of the postgraduate medical entrance examination preparation platform will be part of the Unacademy Group, together with founders Deepanshu Goyal, Vitul Goyal, and Sahil Goyal.
Sequoia Capital and Fb-backed Unacademy mentioned the acquisition is a part of its inorganic progress technique. Bringing PrepLadder on board will play a strategic position for Unacademy within the medical entrance examinations class, mentioned Gaurav Munjal, cofounder and CEO of Unacademy.
The exponential progress in Unacademys subscriber base is a testomony to the rising demand for high quality on-line schooling and our constant efforts, Munjal added. PrepLadder focuses on check preparation for NEET PG and Overseas Medical Graduates Examination however plans to roll out on-line programs for medical staff, together with nurses and neurosurgeons, the corporate mentioned.
Over 85,000 medical college students use its platform, PrepLadder mentioned. Unacademy, valued at $510 million, is among the many fastest-growing firms in Indias ed-tech sector.