Unacademy Acquires PrepLadder To Strengthen Market Dominance The Bengaluru-based startup acquired PrepLadder for $50 million in a cash-and-stock deal

By Debarghya Sil

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pixabay
Representational

Indian online learning platform Unacademy announced that it has acquired Chandigarh-based startup PrepLadder for $50 million in a cash-and-stock deal.

Founded in 2016, PrepLadder specializes in courses aimed at medical aspirants in the country. Unacademy through this acquisition seeks to bolster its presence in medical entrance examination categories such as NEET PG and Foreign Medical Graduates Examination (FMGE).

Facebook-backed Unacademy in the past three months has recorded a 100 per cent increase in its paid subscriber base. The company witnessed a 100 per cent steep growth in the daily average watch time across platforms.

Commenting on the acquisition, Gaurav Munjal, chief executive officer and co-founder, Unacademy, said, "As we strengthen our position as a market leader in the test prep market, bringing PrepLadder on board will play a strategic role for Unacademy in the medical entrance examinations category."

In 2018, Unacademy acquired WiFiStudy, an online learning platform on YouTube for an undisclosed amount and said that both were cash-and-stock deals.

Earlier this year, the Bengaluru-based firm bagged $110 million from Facebook and General Atlantic and others, and later went on to acquire Kreatryx and CodeChef as part of its inorganic growth strategy.

Unacademy, which started as a YouTube channel in 2010, now has more than 10,000 registered educators and over 30 million learners.

The development came at a time when Unacademy competitor Byju's is in talks to acquire Doubtnut, another ed-tech startup, to strengthen its dominance, according to a Tech Crunch report. Byju's has recently raised an undisclosed amount from Mary Meeker's equity fund bond.

Debarghya Sil

Entrepreneur Staff

Former Correspondent

Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

NeoSapien Secures INR 80 Lakhs on Shark Tank India 4 for AI Wearable

Founded in 2024 by Dhananjay Yadav and Aryan Yadav, NeoSapien aims to integrate AI into daily life through its wearable technology

Growing a Business

5 Risk-Taking Lessons From Founders Who Bet Big and Won

Discover the bold moves and strategic risks that catapulted these entrepreneurs to success. Learn how their fearless decisions can inspire your own path to growth.

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

News and Trends

BGauss Secures Rs 161 Crore Funding from Bharat Value Fund to Accelerate Expansion

The funds will be utilized to scale BGauss's manufacturing capacity, enhance in-house R&D for new product launches, and bolster marketing efforts