In 2015, Gaurav Munjal and Roman Saini founded the startup Unacademy subsidiaries as an EdTech unicorn startup in India.
Basically, Unacademy offers a Freemium Business Model, in that certain courses can be taken free of charge, while other courses can be taken via a subscription model.
Unacademy was created by Gaurav Munjal primarily as a YouTube channel. It was later formed as a company to offer higher education.
There are many venture capitalists (VCs) and private investors who have invested in the company. There is the report that encompasses the major names such as General Atlantic, Facebook, Nexus Ventures, Blume Ventures, and Flipkart CEO Kalyan Krishnamurthy, among others.
It is estimated that Unacademy will be valued at approximately 1.45 billion US dollars by July 2020. Unacademy has come a long way, but not without a struggle.
As a result of the outbreak of the flu pandemic, Unacademy's success could be attributed to the growth of online education.
In the last few years, the company has achieved a breakthrough through continuous updates to the product line, mergers of horizontal startups, and investments in multiple channels to deepen its foothold in the industry.
Since the year 2020, some startups have been acquired by the company. In the following list, you will find the startups that have recently been acquired.
In this guide, we ranked and reviewed the 12+ best Unacademy Acquisitions, along with our top 3 choices, so that you can pick the best one for you.
1. Wifi Study
(Best 1)
Overall Rating: 4/5
WiFiStudy is a web-based educational and career portal, which provides students with an extensive range of high-quality educational materials.
2. Kreatryx
(Best 2)
Overall Rating: 3/5
the Kretryx App as anything other than a very easy-to-use application that can provide you with content on the web, video.
3. Coursavy
(Best 3)
Overall Rating: 5/5
Test preparation courses are available through Courseavy. The main advantage is you can take courses and learn.
unacademy subsidiaries Acquisitions :
Want to jump straight to my top picks? My favorite is WiFi Study and Kreatryx.
1. Wifi Study
Unacademy WiFiStudy is a web-based educational and career portal, which provides students with an extensive range of high-quality educational materials.
We here at WiFiStudy believe it is the best platform available for students and businesses alike.
WIFIStudy's main purpose is to provide students and job seekers with all the tools they need to successfully complete all forms of competitive exams.
WiFiStudy provides the best possible environment for students and job seekers to study.
What platform are they working on?
Wifistudy was started in 2013 to help aspirants prepare for exams through tips, strategies, syllabuses, and sample questions.
A part of the ongoing merger will be WiFiStudy Unacademy launch of a profile on the Unacademy platform, which will facilitate the ability to access these videos for its learners.
Year of Acquisition
With the acquisition of Wifistudy by Unacademy in 2018, the company raised $10 million.
Features
2. Kreatryx
There would be no place for me to describe the Kretryx App as anything other than a very easy-to-use application that can provide you with content on the web,
video tutorials, test series, and correspondence courses to prepare for competitive exams such as the GATE and ESE.
A platform where one can study concepts from the comfort of one's own home, take tests and attempt daily quizzes is called StudyCoach.
Those students who are interested in cracking GATE or ESE are recommended to use this app.
What platform are they working on?
Ankit Goyal, the founder of Kretryx, has continued to operate the company as a separate entity even after the acquisition. A brand team headed by Dinesh Godara is responsible for this area under the Unacademy brand.
Year of Acquisition
As part of an acquisition deal with Unacademy in March 2020, Kretryx was acquired for cash and stock by Unacademy.
Features
3. Coursavy
Test preparation courses are available through Courseavy. The main advantage is you can take courses and learn from them at your convenience and in your own time on this platform.
In addition to the standard contents such as notes, revisions, syllabus, comprehensive quizzes, goal tracking, schedules,
reminders, tests, and academic written assignments, we also provide you with more resources in our courses.
This is an extremely useful book for students who are preparing for UPSC exams.
What platform are they working on?
As an educator, Courseavy is now teaching at Unacademy along with mentoring existing educators. By doing so, they are able to achieve greater discipline amongst aspirants.
Year of unacademy acquisitions
With the acquisition of Coursavy by Unacademy in September 2020, Unacademy will be able to consolidate its position when it comes to the Union Public Service Commission (UPSC) examinations
Features
4. CodeChef
CodeChef is a coding platform that assists programmers in learning to code and solve programming problems in an efficient and productive manner.
Every month CodeChef hosts two small programming competitions to assist programmers in learning the language.
CodeChef also organises seminars and workshops on topics related to binary search algorithms and algorithmic programming.
It is also possible that CodeChef can assist people who are brand new to the world of programming. TestSeries CodeChef solution tutorials and forum discussions on the different aspects of programming.
What platform are they working on?
In the course of the purchase, Unacademy had stated that CodeChef would continue to work to make CodeChef the best coding platform possible. It is also said that Unacademy intends to offer free programming courses for beginners.
Year of Acquisition
CodeChef was acquired by Unacademy in June 2020.
Features
5. Mastree
There is a platform that caters to K-12 educational needs. This platform draws its revenue mainly from subscriptions.
There is a strong focus on science, arts, mathematics, technology, engineering and technology as core curriculum subjects within the platform.
In order to help students succeed academically, Mastree's mission is to help them excel academically.
Personalised and affordable education, which is the goal of the program, aspires to increase the curiosity of students.
What platform are they working on?
Unacademy is a startup that aims to provide affordable education to its students. Unacademy's co-founder and CEO have made this claim. This also explains their focus on easily accessing the platform by students and making it more user-friendly.
Year of Acquisition
In July 2020, Unacademy acquired the content network Marree for USD 5 Million (around INR 36 crores).
Features
6. PrepLadde
Students can use PrepLadder as a platform to assist them in preparing for the medical examinations that they are taking.
This site includes many educational services and preparation materials that can help prepare them for their medical examinations.
Initially, the company was set up with the aim of providing affordable educational services that would prepare students for postgraduate medical entrance exams with the best quality.
They wanted to make these services available to every corner of the country.
What platform are they working on?
The statement from Unacademy implies that both companies share a common goal as they are both striving to provide higher education at an affordable price. In addition, it was said that the university would provide quality education, making it accessible to an increasing number of students across the country.
Year of Acquisition
In July 2020, Unacademy acquired PrepLadder, making it the largest online education provider. For a price of USD 50 Million (approximately INR 362 crores), the company was acquired.
Features
7. NeoStencil
NeoStencil is an EdTech startup company that prepares students for standardised tests.
This company has more than 500 courses that have been downloaded by millions of students.
You can also get help preparing for legal exams, entrance exams, government jobs, and much more with this company.
What platform are they working on?
An undisclosed amount of money has been paid for NeoStencil by the company. With the acquisition of Unacademy, the firm will be able to increase its presence in Tier II and Tier III cities of India.
Year of Acquisition
It was announced in December 2020 that Unacademy had acquired NeoStencil.
Features
8. TapChief
We assist individuals and businesses in maintaining their online brands and assist individuals in learning from experts and interacting with them.
Using technologically based solutions, they gain a greater understanding of their specific domains, and as a result,
they are able to be more confident in delivering goods and services to their clients.
What platform are they working on?
It has been estimated that the value of TapChief once acquired by Unacademy was INR 100 crore. At the time of his interview, TapChief's co-founder and CEO had expressed his excitement about joining Unacademy and said that it is a dream come true for him
Year of Acquisition
A company called Unacademy acquired TapChief in February 2021.
Features
9. Handa Ka Funda
Ravi Handa started an online education platform called Handa ka Funda in order to provide quality education to all.
He conducted online courses in various subject areas through this website.
As of a year ago, Handa has been teaching online courses across the country to more than 20,000 students, which represents a 25% global growth rate.
There will be CAT classes provided by Handa on the CAT Funda YouTube Channel for CAT aspirants on a daily basis.
His goal is to reach as many students as possible through free video content.
What platform are they working on?
It has also been reported that students have another option of subscribing to Unacademy's Plus courses. Taking part in Handa ka Funda's collaboration will surely improve Unacademy's position as a leader in preparation for MBA tests in the market.
Year of Acquisition
CAT Funda is the new name for Handa Ka Funda. As part of the acquisition, Unacademy acquired Handa Ka Funda back in March 2021, and Ravi Handa, a founding member of Handa Ka Funda, has been onboarded at Unacademy as part of the acquisition.
Ravi Handa is an instructor who specialises in preparing students for the CAT entrance exam and MBA entrance exam.
Features
Conclusion
There has been a significant increase in the marketing efforts of Unacademy in recent years. As part of its subscription platform, it has also been offering low-cost subscription options to attract learners to the platform.
There is also an Unacademy presence in Indonesia, which has around 30 educators. Despite its international expansion ambitions, the company did not offer an update on how they are doing.
Unacademy now has a value of around $2 billion, a significant increase over its previous value of around $1 billion.
Despite all odds, Unacademy Subsidiaries has made successful acquisitions over the years.
With expertise in mergers and acquisitions, they have established themselves as the market leader in the ed-tech sector today. All the companies operating under Unacademy are successful and provide a good deal of opportunities today!
Unacademy has taken over at least 11 startups since January 2020, making it equally as many as Byju has because they both made similar acquisitions during the same period.
While Unacademy was planning to acquire a few companies, a few of these acquisitions did not go as planned.In the year that followed the acquisition of K12, Munjal's company shut down Mastree and the talks with,
Adda247 with respect to its acquisition fell through for undisclosed reasons as well. You can check out the details about Unacademy acquisitions here:
frequently asked question
Q1. Which company is acquired by Unacademy?
Ans . Wifistudy was acquired by Unacademy more than ten years ago for ten million dollars. Dinesh Godara, who founded WiFistudy in 2013, an online exam preparation and learning platform based on Youtube, is a Jaipur-based entrepreneur. WiFistudy specialises in preparing students for competitive exams in the public sector, such as the SSC, banking, airline, and state police exams.
Q2. Who is the owner of Unacademy?
Ans. Hemesh Singh, Gaurav Munjal, Roman Saini, and Sachin Gupta founded Unacademy as a YouTube channel that aims to educate YouTube subscribers. Hemesh and Gaurav used to run Flatchat before it was acquired by CommonFloor in 2014, and Gaurav ran the startup for a few years before that. Among the youngest candidates to pass the Civil Services Examination, Roman, a doctor from AIIMS, is one of the youngest people to pass the exam.
Q3. Is Unacademy public or private?
Ans.. The Unacademy platform is an educational platform that is based in India. It is a privately owned company. Bengaluru, a city in the Indian state of Karnataka, is where its headquarters are located.
Q4. Who is the CEO of Unacademy?
Ans. Gaurav Munjal is the co-founder and educator of Unacademy and the founder and CEO of Flatchat. In 2010, Gaurav Munjal, who founded Unacademy, began posting videos to his YouTube channel. The company was founded as its own enterprise by Roman Saini and Hemesh Singh in December 2015 along with Gaurav Munjal. They registered it under the name Sorting Hat Technologies Pvt Ltd.
Here are my best picks:
