Unacademy Acquires Wifistudy to Tap into the Test Prep Market
Bengaluru-based online education company Unacademy has acquired Jaipur-based online exam preparation platform and career portal Wifistudy in a bid to tap into the test prep market. The amount of the deal was around $10 million, mostly consisting of stock.
The following acquisition will assist Unacademy to establish its existence in smaller Indian towns and cities where WiFiStudy has a stronghold. While it is a complete acquisition, Wifistudy will continue to operate independently under the leadership of Dinesh Godara, its co-founder and chief executive.
“In the last few years, we have steadily grown with over 5,000 active educators who are imparting education to millions of learners. Getting WiFiStudy on board just seemed like the logical next step,” Gaurav Munjal said. "With over 4.5 ...