Unacademy acquires NEET preparation platform PrepLadder for Rs 374.6 crore

Started in 2016, PrepLadder specialises in medical examinations and provides access to education services and preparation material for exams such as NEET PG, AIIMS PG, NEET SS, and FMGE.

Founded by Deepanshu Goyal, Vitul Goyal, and Sahil Goyal, the company has expert educators teaching over 85,000 active subscribers.

"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," Goyal said.

Munjal said Unacademy has recorded a 100 percent increase in its paid subscriber base in the last 3 months and monthly watch time minutes has reached an all-time high of over 1 billion.

Also, the average daily watch time across Unacademy platforms has witnessed a similar growth rate as students log onto digital platforms to continue their studies amid the COVID-19 pandemic, he noted.

Additionally, over 5,25,000 learners attempted various mock tests on the platform for competitive examinations during this period, he said.

Bengaluru-based Unacademy currently has over 10,000 educators, more than 30 million learners, and caters to over 35 exam categories. It is backed by investors like Facebook, General Atlantic, Sequoia India, SAIF Partners, Nexus Venture Partners, Steadview Capital, and Blume Ventures. 

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