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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
As investor interest in edtech spikes, the bigger players are almost going into a frenzy to make deals and expand across verticals
Online test-prep company Unacademy is close to buying two smaller edtech startups—Mastree and PrepLadder—for an undisclosed amount. An announcement to the effect is likely very soon, according to people close to the development. Update: Unacademy in a press conference today officially announced the PrepLadder acquisition, for $50 million in cash and stock.
Neither of the two target startups has raised capital so far and their valuations aren’t publicly available. Bengaluru-based Mastree is an online tutoring company founded last year by Shrey Goyal and Royal Jain, both graduates of IIT Bombay’s class of 2016. It operates in the K-12 segment and …
