Edtech Platform Unacademy acquire Prepladder for $50 million
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.
https://twitter.com/gauravmunjal/status/1280398406838390784
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.
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