Unacademy to acquire Mastree and PrepLadder

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 …

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Pradip K. Saha

Pradip is a co-founder at The Morning Context and leads our newsletters vertical. He has previously worked at The Ken as a staff writer, at Mint as an assistant features editor and the Deccan Chronicle as a copy editor. He works with a slew of expert newsletter writers across subjects and domains. His own writing spans the gig economy, farmers caught in the crossfire of technology, global warming and parents trapped in the edtech wave. Some of his best stories have come at the intersection of technology and human endeavour.

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