<ul><li><keyword id="23248" type="PERSON" weightage="20" keywordseo="Online-learning">Online learning</keyword> platform <keyword id="6630114" type="UNKNOWN" weightage="20" keywordseo="unacademy">Unacademy</keyword> today announced its latest acquisition of PrepLadder, a four-year old edtech startup, for $50 million (₹3.74 billion). </li><li>With this acquisition, Unacademy plans to expand its presence in the postgraduate medical entrance exam preparation space. </li><li>This is yet another step in Unacademy's expansion in the test preparation market. </li><li>The Chandigarh-based PrepLadder, which provides a platform and learning material to medical aspirants, has over 85,000 active subscribers and employs nearly 150 people. </li></ul>Online learning platform Unacademy today announced its latest acquisition of PrepLadder, a four-year old edtech startup, for $50 million (₹3.74 billion). With this acquisition, Unacademy plans to expand its presence in the postgraduate medical entrance exam preparation space. <div type="twitter" handle="gauravmunjal" handlename="Gaurav Munjal" image="http://pbs.twimg.com/profile_images/860811839621533696/_G51Tn3e_normal.jpg" favoritecount="237" retweetcount="20" status="Happy to announce that PrepLadder, India’s largest higher medical education platform, is now a part of Unacademy Gr… https://t.co/hJIr4KGV4t" createdat="1594105743000" id="1280398406838390784"></div> That includes attracting learners who are preparing for competitive examinations like <keyword id="5945750" type="UNKNOWN" weightage="20" keywordseo="NEET-PG">NEET PG</keyword>, the common entrance exam for postgraduate courses and FMGE (Medical Council of India Screening Test). This is yet another step in Unacademy's expansion in the competitive examinations space.Its last acquisition was of Kreatryx, platform for preparation of entrances like GATE (Graduate Aptitude Test in Engineering) and SSC (Staff Selection Commission) in March 2020. “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. The exponential growth in Unacademy’s subscriber base is a testament to the increasing demand for quality online education and our consistent efforts.” said Gaurav Munjal, Co-Founder, and CEO of Unacademy. The Chandigarh-based PrepLadder, which provides a platform and learning material to medical aspirants, has over 85,000 active subscribers and employs nearly 150 people. “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,” Deepanshu Goyal, Co-Founder, PrepLadder added. Unacademy is backed by global investors including Facebook, General Atlantic, Sequoia India, SAIF Partners. The edtech company caters to over 35 exam categories — and claims that over 5 lakh learners have undertaken mock tests to prepare for exams like UPSC and CAT. Indian edtech startups have seen an unprecedented boost in their numbers and investors too are betting big on the space — and Unacademy has been at the forefront of<a href="https://www.businessinsider.in/business/startups/news/heres-why-doubtnut-is-an-attractive-buy-for-byjus-and-unacademy/articleshow/76682648.cms#:~:text=or%20even%20WhatsApp.-,According%20to%20the%20startup%2C%2090%25%20of%20its%20users%20come%20from,be%20what%20got%20Byju's%20interest."> raising big money from marquee investors</a>. In February, the company secured a $110 million funding from Facebook and General Atlantic for over $500 million. See also: <a href="https://www.businessinsider.in/tech/apps/news/tiktok-is-under-fire-from-hong-kong-to-us-days-after-ban-in-india/articleshow/76827586.cms">TikTok is under fire from Hong Kong to US, days after ban in India</a> <a href="https://www.businessinsider.in/retail/news/jiomart-dunzo-swiggy-and-likes-want-to-ride-the-trust-earned-by-indias-kirana-stores-during-the-lockdown/articleshow/76826479.cms">JioMart, Dunzo, Swiggy and likes want to ride the trust earned by India’s kirana stores during the lockdown</a>

Unacademy beefs up its medical entrance programme with a $50 million acquisition of PrepLadder

<ul><li><keyword id="6630114" type="UNKNOWN" weightage="20" keywordseo="unacademy">Unacademy</keyword> will acquire 100% stake in the company, providing exit to all of its existing investors.</li><li>Rheo TV founders will join Unacademy’s hiring tests platform <keyword id="11724079" type="UNKNOWN" weightage="20" keywordseo="relevel">Relevel</keyword> as co-founders.</li><li>Unacademy has acquired nine companies to expand its presence and offering in India.</li></ul>Bengaluru-based edtech unicorn Unacademy on Monday, July 26, announced the acquisition of game streaming platform Rheo TV. As a part of the deal, Unacademy will acquire 100% stake in the company, providing exit to all of its existing investors. The companies did not disclose any financial details of the deal. A unicorn, in startup parlance, is a private firm valued at or more than $1 billion. Post the acquisition, Rheo TV founders Saksham Keshri and Prakash Kumar will join Unacademy’s hiring tests platform -- Relevel -- as cofounders. Notably, Rheo TV will cease to exist post acquisition and the entire team will join Relevel. Rheo TV was founded in August 2019 to make professional game streaming a career option in India, by providing tools to drive engagement and offer monetisation. The company claimed that it had managed to attract more than 5 million users and over 10,000 live streamers within a year of launch. The company’s existing investors include Unacademy’s chief executive Gaurav Munjal, along with other angel investors such as former country head of Google Mobile Mahesh Narayanan and Redbus founder Phanindra Sama, among others. Lightspeed India Partners, Sequoia Capital India’s Surge and AET Fund were investors in the company. Unacademy was founded by Munjal, Hemesh Singh, Roman Saini and Sachin Gupta in 2015. The company claims to have over 50,000 registered educators and over 62 million learners. The company offers courses in 14 Indian languages to learners across 5,000 cities. The company has acquired nine companies over the last few years to expand its presence and offering in India. The Unacademy Group comprises Unacademy, PrepLadder, CodeChef, Graphy and Relevel. It has raised over $380 million from marquee investors like Tiger Global, Dragoneer Investment Group, SoftBank VF2, Facebook, General Atlantic and Sequoia India. Unacademy competes with BYJU’s, which is the highest valued edtech startup in the world. The company, on Monday, announced the <a href="https://www.businessinsider.in/business/news/byjus-is-willing-to-shell-out-10x-of-what-great-learning-earned-during-the-best-year-for-edtech/articleshow/84754613.cms">acquisition of upskilling platform </a>Great Learning and is looking to expand internationally from this year onwards. SEE ALSO <a href="https://www.businessinsider.in/education/news/the-chinese-government-believes-online-education-is-bad-for-students-parents-and-the-society/articleshow/84752031.cms">The Chinese government believes online education is bad for students, parents and the society</a> <a href="https://www.businessinsider.in/stock-market/news/subscribe-to-glenmark-life-sciences-ipo-because-of-clean-regulatory-history-and-good-track-record-as-per-analysts/articleshow/84748115.cms">One may subscribe to Glenmark Life Sciences IPO because of clean regulatory history, strong promoter backing and good track record, say analysts</a> <a href="https://www.businessinsider.in/stock-market/news/yes-bank-shares-surge-5-after-it-reports-strong-profit-growth/articleshow/84751116.cms">YES Bank shares surge 5% as investors see a ray of hope after bank reported four fold growth in profit</a>

Unacademy buys RheoTV, whose founders will now lead hiring test platform Relevel

<ul><li>The deal valued TapChief at ₹100 crore, with all investors getting an exit and the entire team will be joining <keyword id="6630114" type="UNKNOWN" weightage="20" keywordseo="unacademy">Unacademy</keyword>.</li><li>TapChief founded in 2016 by BITS Pilani Alumni, Shashank Murali, Binay Krishna, and Arjun Krishna, helps students and professionals interact with experts and also work with them.</li><li>In September 2020, Unacademy entered the unicorn club and further raised funding in November at a valuation of over $2 billion.</li></ul>Indian <keyword id="1464841" type="PERSON" weightage="20" keywordseo="Edtech">edtech</keyword> unicorn Unacademy today announced that it is acquiring a majority stake in TapChief, a Bengaluru-based professional networking startup. The deal valued TapChief at ₹100 crore. All of TapChief investors, including Paytm’s Vijay Shekhar Sharma, CRED’s Kunal Shah, Blume Ventures among others, will be exiting the company and the entire team will be joining Unacademy. TapChief, founded in 2016 by BITS Pilani Alumni, Shashank Murali, Binay Krishna, and Arjun Krishna, helps students and professionals interact with experts and also work with them. The company claimed that professionals on the platform have completed “over 50,000 gigs for Fortune 500 Companies, Unicorns, Venture-backed <keyword id="6362513" type="UNKNOWN" weightage="20" keywordseo="startups">Startups</keyword> and SMBs in India”. “Our endeavour at Unacademy has always been to democratise education and make learning accessible and affordable for everyone. TapChief shares a similar ethos in a different space, as evident from the open community of professionals and learners they’ve created,” said Gaurav Munjal, Co-Founder and CEO, Unacademy Group in a statement. Munjal further broke down the reason behind the deal on Twitter. <div type="twitter" handle="gauravmunjal" handlename="Gaurav Munjal" image="http://pbs.twimg.com/profile_images/860811839621533696/_G51Tn3e_normal.jpg" favoritecount="66" retweetcount="3" status="This is the reason we are acquiring @tapchief." createdat="1613464934000" id="1361596738159529986"></div> “Unacademy started by levelling the playing field for students who can’t travel to Kota, Delhi and other cities by getting them access to these educators and highest quality content for a fraction of the cost. And now it’s time for us to help students get their dream jobs by getting them the best education and access to top companies which they are not getting,” he said on Twitter. The startup is the seventh company to be acquired by Unacademy in the last one year, during which the startup has seen a huge uptick in users thanks to the online shift in learning, during the COVID-19 pandemic. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"><colgroup></colgroup><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Startup </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Timeline of acquisition </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TapChief </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">February, 2021 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NeoStencil </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">December 2020 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">PrepLadder </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">July 2020 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mastree </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">July, 2020 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Codechef </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">June 2020 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Coursavy </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">September 2020 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kreatryx </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">March 2020 </td></tr></tbody></table> In September 2020, Unacademy had entered the unicorn club with a $150 million cheque from Japanese investment firm SoftBank, after 5 years of starting up. In November 2020, the edtech unicorn’s valuation soared to $2 billion as it raised an undisclosed amount of funding from New York-based Tiger Global Management and the US-based Dragoneer Investment Group. Unacademy had also raised funding from Facebook in February, the social media giant’s second direct investment in India. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/credit-suisse-just-went-overweight-on-india-says-the-pandemic-is-no-longer-a-factor/articleshow/80980356.cms">Credit Suisse just went ‘overweight’ on India⁠ — says the pandemic is “no longer a factor</a> <a href="https://www.businessinsider.in/stock-market/news/the-8-billion-ipo-of-indian-railways-owned-railtel-is-now-open-for-subscription-heres-why-analysts-think-the-ipo-is-attractive/articleshow/80974550.cms">The $112 million IPO of Indian Railways owned RailTel is now open for subscription — Here’s why analysts think the IPO is attractive</a> <a href="https://www.businessinsider.in/finance/banks/news/bank-of-india-central-bank-of-india-indian-overseas-bank-and-bank-of-maharashtra-rally-by-over-10-on-hopes-of-privatisation/articleshow/80971254.cms">Bank of India, Central Bank of India, Indian Overseas Bank, and Bank of Maharashtra rally by over 10% on hopes of privatisation</a>

Unacademy acquires TapChief to help students get their dream jobs – its seventh acquisition in the last one year

<ul><li>While the details of the deal remain undisclosed, <keyword id="2016957" type="COMPANY" weightage="20" keywordseo="Vedantu">Vedantu</keyword> had also invested $2 million in <keyword id="9450626" type="UNKNOWN" weightage="20" keywordseo="Instasolv">Instasolv</keyword> in July 2020.</li><li>The latest acquisition will bring on board Instasolv’s 1 million learners to Vedantu’s platform which is already 25 million strong.</li><li>This is the latest acquisition in <keyword id="1464841" type="PERSON" weightage="20" keywordseo="Edtech">edtech</keyword>, which has been led by BYJU’S and <keyword id="6630114" type="UNKNOWN" weightage="20" keywordseo="unacademy">Unacademy</keyword>.</li></ul>Indian online tutoring startup Vedantu has acquired Instasolv, a doubt-solving app – marking its first acquisition in the buzzing educational technology space. While the details of the deal remain undisclosed, Vedantu had also invested $2 million in Instasolv in July 2020. “Last year we took a strategic decision to invest in Instasolv to strengthen our play in doubt-solving, which is one of the key aspects of learning online. We have seen tremendous potential in Instasolv and share the same mission to democratize education in the country. Through this partnership we endeavor to change India’s learning curve through definitive outcomes,” said Vamsi Krishna, chief executive officer and co-founder of Vedantu, in a statement. The latest acquisition will bring on board Instasolv’s 1 million learners to Vedantu’s platform which is already 25 million strong. Instasolv was founded in 2019 by IIT graduates Aditya Singhal, Nishant Sinha, and Bahul Arora. Vedantu Innovation Pvt. Ltd was founded in 2011 by IIT alumni Vamsi Krishna, Anand Prakash, and Pulkit Jain. In April 2020, the company had raised funding in two tranches – $12.6 million and $7 million for a Series C round. Its last <a href="https://entrackr.com/2020/04/exclusive-vedantu-valuation-280-mn-after-7-mn-in-fresh-funding/">reported</a> valuation is $280 million. Vedantu’s acquisition of Instasolv is the latest in the Indian edtech ecosystem which has players like BYJU’S, the world’s most valued edtech startup and Unacademy, which was last valued at over <a href="https://www.businessinsider.in/business/startups/news/amazon-enters-the-test-preparation-market-byjus-is-in-talks-for-a-billion-dollar-acquisition-and-facebook-backed-unacademy-raises-more-funds-a-big-day-in-indias-edtech/articleshow/80252646.cms">$2.45 billion</a>. <table><tbody><tr><td>Startup</td><td>Acquired startup</td><td>Timeline of acquisition</td></tr><tr><td>Unacademy</td><td>TapChief</td><td>February, 2021</td></tr><tr><td>Unacademy</td><td>NeoStencil</td><td>December 2020</td></tr><tr><td>Unacademy</td><td>PrepLadder</td><td>July 2020</td></tr><tr><td>Unacademy</td><td>Mastree</td><td>July, 2020</td></tr><tr><td>Unacademy</td><td>Codechef</td><td>June 2020</td></tr><tr><td>Unacademy</td><td>Coursavy</td><td>September 2020</td></tr><tr><td>Unacademy</td><td>Kreatryx</td><td>March 2020</td></tr><tr><td>BYJU’S</td><td>Osmo</td><td>Jan 2019</td></tr><tr><td>BYJU’S</td><td>White Hat Jr</td><td>Aug 2020</td></tr><tr><td>BYJU’S</td><td>LabInApp</td><td>Sept 2020</td></tr><tr><td>BYJU’S</td><td>TutorVista</td><td>Jul 2017</td></tr><tr><td>BYJU’S</td><td>Math Adventures</td><td>Jul 2018 </td></tr><tr><td>BYJU’S</td><td>Vidyartha</td><td>Jan 2017</td></tr></tbody></table> BYJU’S is also reportedly in talks with a few startups -- including <a href="https://www.businessinsider.in/business/startups/news/heres-why-byjus-may-want-to-spend-a-billion-dollars-on-acquiring-aakash-educational-services/articleshow/80243456.cms">Aakash </a>institute, <a href="https://entrackr.com/2021/02/exclusive-byjus-set-to-acquire-toppr-in-a-150-mn-deal/">Toppr</a>, and <a href="https://www.techinasia.com/sources-byjus-acquires-doubt-solving-edtech-startup-scholr">Schoolr</a> -- to buy them out. With the coronavirus pandemic and the subsequent lockdown that saw schools and colleges close their doors, online learning emerged as the next big thing to watch out for. The year 2020 saw India’s edtech startups raise over $2.2 billion in funding, with BYJU’S alone accounting for $1.35 billion, according to a <a href="https://www.businessinsider.in/business/startups/news/india-edtech-in-charts-how-the-shift-to-online-learning-meant-money-valuation-and-users-for-the-likes-of-byjus-unacademy-and-others/articleshow/80040270.cms">PGA Labs-IVCA report</a>. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/unacademy-acquires-tapchief-to-help-students-get-their-dream-jobs-its-seventh-acquisition-in-the-last-one-year/articleshow/80982132.cms">Unacademy acquires TapChief to help students get their dream jobs – its seventh acquisition in the last one year</a> <a href="https://www.businessinsider.in/business/ecommerce/news/discounts-have-dropped-lower-on-the-customer-priority-list-say-indian-online-retailers/articleshow/81145830.cms">Discounts have dropped lower on the customer’s priority list, say Indian e-tailers</a> <a href="https://www.businessinsider.in/finance/banks/news/analysts-reports-showed-that-90-percent-of-unsecured-retail-loans-have-gone-to-salaried-government-employees/articleshow/81150110.cms">One in every five rupees lent by SBI to individuals, goes to government employees</a>

Vedantu acquires Instasolv, a doubt-solving app – the latest in buzzing edtech acquisitions in India

Bengaluru, July 14 (IANS) Bengaluru-based edtech platform Unacademy on Tuesday announced that it has led a strategic investment of $5 million (approximately Rs 37.7 crore) to acquire a majority stake in Mastree, a leading K12 learning platform. Started in October 2019, Mastree recognised 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. "Unacademy and Mastree have a shared vision, and together we want to create an impact and make quality education accessible and affordable," Gaurav Munjal, Co-Founder and CEO, Unacademy, said in a statement. "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." 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. --IANS gb/na

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Unacademy beefs up its medical entrance programme with a $50 million acquisition of PrepLadder

Prerna Sindwani

Unacademy buys RheoTV, whose founders will now lead hiring test platform Relevel

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Unacademy acquires TapChief to help students get their dream jobs – its seventh acquisition in the last one year

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Vedantu acquires Instasolv, a doubt-solving app – the latest in buzzing edtech acquisitions in India

Sanchita Dash

Unacademy leads $5mn investment in learning platform Mastree

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