Unacademy acquires PrepLadder for $50 million

Valuation & Biz-Modeling

Edtech platform Unacademy, backed by Facebook and Sequoia, has acquired PrepLadder, a postgraduate medical entrance exam preparation platform, for $50 million.

The acquisition of PrepLadder comes even as leading edtech player Byju’s is also reportedly in talks with several local startups to expand its footprint across multiple categories in education.

This is the third acquisition by Unacademy and will strengthen its presence in medical entrance examination categories, such as National Eligibility cum Entrance Test post graduate (NEET PG) and the Foreign Medical Graduates Examination.

Bengaluru-based Unacademy had in March acquired Kreatryx, an online preparation platform for the Graduate Aptitude Test in Engineering and the Engineering Services Exam, as part of its organic growth strategy.

In October 2018, Unacademy had acquired WiFiStudy, an online learning platform on YouTube. The edtech platform did not reveal the acquisition amount and only said that both were cash-and-stock deals.

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