Edtech startup Unacademy acquires Wifistudy, an exam preparation platform

Must Read

Sanju Samson to replace Shikhar Dhawan in T20 series against WI

Sanju Samson will replace injured Indian opener Shikhar Dhawan in the T20s series against West Indies starting from next...

Supreme Court lashes out on Centre & Delhi govts for Rising Pollution

The Apex Court of the Country, the Supreme Court on Monday lashed the Central and State Government for their...

Harbhajan Singh wishes BCCI Prez Sourav Ganguly to change Selection Panel

The Indian off-spinner Harbhajan Singh on Monday urged Sourav Ganguly, President of BCCI (The Board of Control for Cricket...

Bengaluru-based edtech startup Unacademy has acquired Jaipur-based online exam preparation platform Wifistudy in a mix of cash and stock deal, announced by Gaurav Munjal, Founder & CEO Unacademy, in a Facebook post.

The deal is expected to be worth ₹73 crore ($10 million), as reported by Economic Times.

Post acquisition, Wifistudy will continue to operate independently under the leadership of Dinesh Godara who will continue to serve as the CEO of Wifistudy.

The news comes months after Unacademy raised ₹144 crores in a series C funding from Sequoia India, SAIF PartnersNexus Venture Partners, and Blume Ventures, in July 2018.

The latest acquisition is expected to boost Unacademy’s presence in the mid and low-level public sector job seekers.

Wifistudy is an online education and career portal founded by Dinesh Godara in 2013. It helps jobs seekers prepare for exams across different sectors like SSC, banking, and railways, among other competitive exams.

With over 4.5 million subscribers and 70 million monthly video views, Wifistudy is one of the largest educational YouTube channel in the world.

Wifistudy will also launch a profile on the Unacademy platform, which will help its users access these videos.

Unacademy, India’s largest free learning platform was founded by Gaurav Munjal, ex-founder and CEO of Flatchat, along with Roman Saini, Hemesh Singh, and Sachin Gupta. It was launched as an educational YouTube channel in 2011 but was launched as a platform in 2016. It helps students to prepare for different competitive exams providing them with comprehensive study materials along with video tutorials.

Unacademy has over 50,000 online lessons along with 1.3 million registered users taught by around 4,000 educators.

Other players competing with Unacademy include Byju’s, Simplilearn, Mertination, Toppr, among others.

The edtech market is expected to touch $1.96 billion by 2021 from $247 million at present, according to a report by Google and KPMG in May 2017. There is a huge potential for growth in the Indian edtech market and there are many players eyeing for this market already.

Check out the list of top edtech startups in India.


Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Ghulam Nabi Azad calls CAB bill “totally unconstitutional”; says Congress will oppose bill in Rajya Sabha

Speaking on the issue of the Citizenship (Amendment) Bill, 2019, Rajya Sabha member and senior Congress leader Ghulam Nabi...

Lok Sabha passes Constitution (One Hundred and Twenty-Sixth Amendment) Bill, 2019, Unanimous decision extends reservation for SCs & STs for 10 years

Lok Sabha cleared the bill for the extension of reservation for SCs (Scheduled Castes) and STs (Scheduled Tribes) on Tuesday for the next 10...

Tejashwi Yadav iterates party’s stand to oppose CAB bill, accuses Bihar CM Nitish Kumar of betraying people of Bihar by supporting bill

Airing his views public for the first time on the recently passed Citizenship (Amendment) Bill, Rashtriya Janata Dal leader Tejashwi Yadav announced his party's...

Raghuram Rajan suggests 11 point approach to revive distressing Indian economy

Former RBI governor Raghuram Rajan warned that sectors of India’s economy are “ticking time bomb”. A term coined by famous author Eduardo Galeano in...

YES Bank to consider Citax offer of $500-mn investment; Erwin Braich’s offer also under discussion

The board decided in the meeting that the final decision for the allotment to Citax Holdings and Citax Investment Group will follow in the next board meeting
- Advertisement -

More Articles Like This