India’s leading ed-tech platform Unacademy has acquired a medical-based preparation platform PrepLadder for $50 million.
The deal has been revealed by Unacademy co-founder Gaurav Mujal on Twitter.
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.
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.
As per the Pixr8 report, Byju’s is in talks to acquire another edtech startups like Doubtnut & WhiteJr for as much as $150 million and $300 million.
The exam prep platform Unacademy has over 30 million users and 700k users access its app and website every day.