This marks Unacademy’s fourth acquisition after it bought test preparation platform for government exams Wifistudy, competitive programming website CodeChef, and GATE coaching site Kreatryx.
The acquisition will see the entire 250-member team of Chandigarh-based PrepLadder joining the Unacademy Group, including founders Deepanshu Goyal, Vitul Goyal, and Sahil Goyal. Unacademy said that the acquisition of PrepLadder was part of its inorganic growth strategy.
“Bringing PrepLadder on board will play a strategic role for Unacademy in the medical entrance examinations category,” said Gaurav Munjal, co-founder and CEO at Unacademy. “The exponential growth in Unacademy’s subscriber base is a testament to the increasing demand for quality online education and our consistent efforts.”
PrepLadder currently focuses on test preparation for NEET PG and FMGE, but plans to roll out online courses for the entire spectrum of medical workers, from nurses to neurosurgeons, the company said. It already has over 85,000 medical students using its platform.
Unacademy, which is valued at $510 million, is among the fastest-growing companies in India’s ed-tech sector. The startup claims it has grown its paid subscriber base to 200,000 users from 100,000 users in the last three months. It added that it has over 5 million monthly users for its live free classes and has conducted over 1.2 lakh live classes in the month of June alone.
Deepanshu Goyal, co-founder and CEO of PrepLadder, said the company would continue to focus on the medical examinations space, but has a larger goal of building an online medical university.