Unacademy, a learning platform, has announced that it has acquired NeoStencil for an undisclosed sum. With this acquisition, the ed-tech firm ends the year with five acquisition.
Gaurav Munjal, co-founder and CEO, Unacademy Group, commented – “We’re always looking for synergies in the form of great companies and teams which are creating an impact by making educational products affordable and accessible.”
“Our resolve is to ensure that every aspirant has access to the best resources regardless of whether they live in a metropolitan city. Joining the Unacademy Group enables us to realise this vision by being a part of a larger movement,” Kush Beejal, CEO of NeoStencil said.
Headquartered in Bengaluru, Unacademy Group is India’s largest learning platform with 47,000+ Educators, teaching in over 14 Indian languages, and Leaners spread across 5,000 cities. Over 150,000 live classes are conducted on the platform each month and the collective watch time across platforms is over 2 Billion minutes per month.
Earlier in November, it has raised a fresh investment round from Tiger Global Management and Dragoneer Investment Group. The funding round values Unacademy Group at $2 billion.
-AK
