Facebook-backed Unacademy acquires PrepLadder for $50 million
Indian online learning platform Unacademy said on Tuesday it has acquired Chandigarh-based startup PrepLadder for $50 million as the major edtech giant scouts for deals to expand its presence in the country.
PrepLadder offers courses aimed at nursing students. The two-year-old startup, which did not raise any capital from external investors, has more than 80,000 subscribers, said Deepanshu Goyal, its founder on Tuesday.
Facebook-backed Unacademy, which began as a YouTube channel in 2015, has amassed over 30 million learners on the platform, more than 200,000 of which are paid subscribers. More than 700,000 users access its app and website each day.
More to follow…