Edtech startup Unacademy acquires Jaipur-based competitive-test preparation platform WiFiStudy to tap the tier-II and tier-III cities.
Aiming to tap the test preparation market in tier-II and tier-III cities, edtech startup Unacademy acquired competitive-test platform WifiStudy for $10 million on Friday.
Jaipur-based edtech startup WiFiStudy was founded in 2013, and it prepares students for all competitive exams in India. WiFiStudy has with more than 3 million subscribers on YouTube and receives 1.5 million daily views on its 18 live classes each day. It claims to be India's No. 1 study channel and provides students and job seekers from rural India with a common platform to study and prepare for various competitive exams.
"Although it has simplified the way of learning for both male and female candidates, girls who are not allowed to go out for exam preparation are the most benefitted through our startup," says Dinesh Godara, founder and CEO of WiFiStudy.
Unacademy was founded by Gaurav Munjal, Roman Sainin, Hemesh Singh and Sachin Gupta in 2015. The platform empowers educators by helping them create high-quality educational lessons on its Educator App that learners can access via its Learning App.
Co-founder and CEO Gaurav says that Unacedamy has 5,000 active educators currently. Getting WiFiStudy on board seemed to be the next logical step. With a strong presence in the smaller towns and cities, the company will be one step closer to realise their dream. While WiFiStudy will be a part of Unacademy, the exam-preparation app will continue to operate independently.
In July, Unacademy raised a Series C funding of $21 million led by Sequoia India, SAIF Partners, and Nexus Venture Partners. In a previous conversation with YourStory, Gaurav said that these funds will help them onboard new educators, and explore deeper into categories such as pre-medical, GATE and CAT.
Gaurav and Hemesh earlier founded Flatchat, which was eventually acquired by CommonFloor in 2014.
Last October, Unacademy also launched Plus courses - a private discussion forum with live videos and classes in a personalised classroom learning environment with its top educators.