Mumbai: Unacademy, a learning platform, today announced the acquisition of PrepLadder, a postgraduate medical entrance exam preparation platform for $50M. The acquisition will strengthen Unacademy’s presence in medical entrance examination categories such as NEET PG and FMGE. As a part of its inorganic growth strategy, Unacademy had recently acquired Kreatryx and taken over the custodianship of CodeChef.
Started in 2016, PrepLadder specializes in medical examinations and provides access to education services and preparation material for exams such as NEET PG, AIIMS PG, NEET SS, and FMGE. Founded by Deepanshu Goyal, Vitul Goyal, and Sahil Goyal, the company was built with the vision to provide affordable and quality education to students preparing for postgraduate medical entrance exams across the country. Currently, PrepLadder claims that its expert educators are teaching over 85,000 active subscribers.
“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. At Unacademy, we have been working towards democratizing education and this acquisition is a step towards achieving that goal. 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.” stated Gaurav Munjal, Co-Founder, and CEO, Unacademy.
On this, Deepanshu Goyal, Co-Founder, PrepLadder expressed, “We are extremely happy to be a part of the largest learning platform in India. 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.”
Unacademy currently has over 10,000 Educators, 30 million+ Learners, and caters to over 35 exam categories.