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Unacademy buys PrepLadder for $50m cash & stock


India

Unacademy buys PrepLadder for $50m cash & stock

​​The entire 250-member team of the postgraduate medical entrance exam preparation platform will join the Unacademy Group, including founders Deepanshu Goyal, Vitul Goyal, and Sahil Goyal. ET Bureau|Last Updated: Jul 08, 2020, 08.15 AM ISTGetty ImagesOver 85,000 medical students use its platform, PrepLadder said. Unacademy, valued at $510 million, is among the fastest-growing companies in…

Unacademy buys PrepLadder for $50m cash & stock

​​The total 250-member staff of the postgraduate clinical entrance examination preparation platform will be half of the Unacademy Neighborhood, including founders Deepanshu Goyal, Vitul Goyal, and Sahil Goyal.

ET Bureau|

Last Updated: Jul 08, 2020, 08.15 AM IST

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Over 85,000 clinical students exhaust its platform, PrepLadder stated. Unacademy, valued at $510 million, is with out doubt one of many many fastest-rising corporations in india’s ed-tech sector.

BENGALURU: Training abilities startup Unacademy has obtained Chandigarh-primarily based totally mostly PrepLadder for $50 million in a money and stock deal. This marks Unacademy’s fourth acquisition in less than two years, after it sold govt tests preparation platform Wifistudy, competitive programming internet site CodeChef, and GATE coaching jam Kreatryx.

The total 250-member staff of the postgraduate clinical entrance examination preparation platform will be half of the Unacademy Neighborhood, including founders Deepanshu Goyal, Vitul Goyal, and Sahil Goyal.

Sequoia Capital and Fb-backed Unacademy stated the acquisition is half of its inorganic boost strategy. “Bringing PrepLadder on board will play a strategic role for Unacademy within the clinical entrance examinations class,” stated Gaurav Munjal, cofounder and CEO of Unacademy.

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“The exponential boost in Unacademy’s subscriber injurious is a testomony to the increasing question for quality online education and our consistent efforts,” Munjal added. PrepLadder specializes in test preparation for NEET PG and International Medical Graduates Exam nonetheless plans to roll out online lessons for clinical staff, including nurses and neurosurgeons, the corporate stated.

Over 85,000 clinical students exhaust its platform, PrepLadder stated. Unacademy, valued at $510 million, is with out doubt one of many many fastest-rising corporations in india’s ed-tech sector.

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