31 Mar 2020
Unacademy acquires ed-tech startup Kreatryx

    Education technology company Unacademy has acquired Kreatryx, an online preparation platform for GATE and the Engineering Services Exam (ESE), in a cash and stock deal. Post the acquisition, Kreatryx will continue to operate as an individual brand and will be run by its founder Ankit Goyal under the Unacademy Brands Team headed by Dinesh Godara, the founder of the Wifistudy that was acquired by Unacademy in 2018.

    Founded by Ankit Goyal in 2014, Kreatryx offers online classes for GATE, SSC, ESE, CIL and Vizag Steel.

    “At Unacademy, we are consistently working towards building the world’s largest educational platform. As we seek to deepen our footprint across multiple categories, we are always on the lookout for like-minded partners who share the same vision and have made a difference within specific test preparation categories. With its strong presence in the GATE and ESE segment, Kreatryx will play a pivotal role in further building our dominance in the segment and bring us closer to achieving our vision." Gaurav Munjal, co-founder and CEO at Unacademy, said.

    In 2018, Unacademy had acquired Wifistudy, a YouTube-based online learning platform. Earlier this year, Sequoia-backed Unacademy raised $110 million from Facebook and General Atlantic, at a valuation of $510 million.

    Unacademy was founded by Gaurav Munjal, Roman Saini, Hemesh Singh, and Sachin Gupta in 2015. With a network of over 10,000 educators and over 13 million learner and 30 plus exam categories, the platform empowers educators by helping them create high-quality educational lessons on its Educator App that learners can access via its Learning App.

    In June last year as part of its Series D round, Startup secured $50 million (around Rs 346 crore) from Steadview Capital, Sequoia Capital India, Nexus Venture Partners, Blume Ventures and others.

    As per Owler  Unacademy's top competitors include :

  • Unacademy-Competitors-Revenue-and-Employees

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