Unacademy beefs up its medical entrance programme with a $50 million acquisition of PrepLadder

• Online learning platform Unacademy today announced its latest acquisition of PrepLadder, a four-year old edtech startup, for $50 million (₹3.74 billion).
  
• With this acquisition, Unacademy plans to expand its presence in the postgraduate medical entrance exam preparation space.
  
• This is yet another step in Unacademy's expansion in the test preparation market.
  
• The Chandigarh-based PrepLadder, which provides a platform and learning material to medical aspirants, has over 85,000 active subscribers and employs nearly 150 people.

Online learning platform Unacademy today announced its latest acquisition of PrepLadder, a four-year old edtech startup, for $50 million (₹3.74 billion). With this acquisition, Unacademy plans to expand its presence in the postgraduate medical entrance exam preparation space.


That includes attracting learners who are preparing for competitive examinations like NEET PG, the common entrance exam for postgraduate courses and FMGE (Medical Council of India Screening Test).

This is yet another step in Unacademy's expansion in the competitive examinations space.Its last acquisition was of Kreatryx, platform for preparation of entrances like GATE (Graduate Aptitude Test in Engineering) and SSC (Staff Selection Commission) in March 2020.

“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. The exponential growth in Unacademy’s subscriber base is a testament to the increasing demand for quality online education and our consistent efforts.” said Gaurav Munjal, Co-Founder, and CEO of Unacademy.

The Chandigarh-based PrepLadder, which provides a platform and learning material to medical aspirants, has over 85,000 active subscribers and employs nearly 150 people.

“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,” Deepanshu Goyal, Co-Founder, PrepLadder added.

Unacademy is backed by global investors including Facebook, General Atlantic, Sequoia India, SAIF Partners. The edtech company caters to over 35 exam categories — and claims that over 5 lakh learners have undertaken mock tests to prepare for exams like UPSC and CAT.

Indian edtech startups have seen an unprecedented boost in their numbers and investors too are betting big on the space — and Unacademy has been at the forefront of raising big money from marquee investors. In February, the company secured a $110 million funding from Facebook and General Atlantic for over $500 million.

See also:
TikTok is under fire from Hong Kong to US, days after ban in India

JioMart, Dunzo, Swiggy and likes want to ride the trust earned by India’s kirana stores during the lockdown