The ed-tech firms are going gaga in the lockdown. Bengaluru-based edtech firm Unacademy announced to acquire PrepLadder, a leading post-graduate medical entrance exam preparation platform for $50M (Rs 112 cr).
Founded by Deepanshu Goyal, Vitul Goyal and Sahil Goyal in 2016, PrepLadder prepares students for medical examinations and provides access to education services and preparation material for exams such as NEET PG, AIIMS PG, NEET SS, and FMGE.
Currently, PrepLadder has expert educators teaching over 85,000 active subscribers.
Gaurav Munjal, Co-Founder, and CEO, Unacademy said”The exponential growth in Unacademy’s subscriber base is a testament to the increasing demand for quality online education and our consistent efforts. I look forward to working with the PrepLadder team as they become a part of the Unacademy Group.”
In the last three months, Unacademy has recorded a 100 per cent increase in its paid subscriber base.
The monthly watch time minutes has also reached an all-time high of over 1 billion. Additionally, over 525,000 learners attempted various mock tests on the platform for competitive examinations such as UPSC, NEET-PG, and CAT, among others, during this period.
“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,” said Deepanshu Goyal, Co-Founder, PrepLadder.
Unacademy aims to bring quality education to all Learners by enabling them to learn from India’s Top Educators. The platform currently has over 10,000 Educators, 30 million+ Learners, and caters to over 35 exam categories.