In a major development, Ed-tech platform Unacademy has acquired Coursavy, a platform for UPSC test preparation. The deal has been finalized for an undisclosed amount.
The acquisition will further strengthen Unacademy’s leadership position in the UPSC test preparation market.
Earlier this year, Bengaluru-based Unacademy had acquired Kreatryx, and PrepLadder for $50 million, besides investing in Mastree, and taking over the custodianship of CodeChef.
Earlier, the unicorn form also announced raising around Rs 1,125 crore in a funding round led by Softbank Vision Fund 2 along with participation from existing investors, including Facebook.
“As we grow and strengthen our position as the leader in the test prep market, bringing Coursavy on board will play a strategic role for Unacademy in the UPSC examination category. At Unacademy, we are striving to democratise education in India and this acquisition is a step in that direction,” Unacademy Group co-founder and CEO Gaurav Munjal said.
Currently, Coursavy has various subject matter experts teaching over 70,000 learners through their YouTube channel and platform.
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The statement said Coursavy educators, including Rathore, will now teach on the Unacademy platform and also provide mentorship to the existing educators on enhancing discipline among the aspirants.
The content from Coursavy will assist Unacademy educators in their live classes and help learners with their UPSC preparation, it added.