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Edutech startup Unacademy acquires PrepLadder for $50 million

Chandigarh-based PrepLadder was founded by Deepanshu Goyal and Vitul Goyal in 2015.

July 14, 2020 / 06:19 PM IST

Online learning startup Unacademy said on July 7 that it has acquired PrepLadder, an online portal to prepare for medical entrance exams for $50 million in a cash and stock deal.

Chandigarh-based PrepLadder, founded by Deepanshu Goyal and Vitul Goyal in 2015, has raised no venture capital so far, and the acquisition is also its first external fundraise, so to say.

Unacademy allows educators to create videos for courses from school level learning to college entrance exams across streams, besides for more advanced courses such as civil services exams and MBA entrance tests. It is currently India’s second-highest valued ed-tech startup at over $500 million, after Byju’s.

Moneycontrol reported on June 5 that Unacademy is raising funds at over a billion dollars in valuation.