India: Unacademy acquires exams preparation start-up WiFiStudy

Founded in 2015 by Gaurav Munjal, Roman Saini and Hemesh Singh, Unacademy has raised roughly $39 million from investors such as Sequoia India, SAIF Partners, Nexus Venture Partners and Blume Ventures. Photo: Mint

Online education start-up Unacademy (Sorting Hat Technologies Pvt. Ltd) has acquired WiFiStudy, a Jaipur-based YouTube channel, to increase its presence in tier-2 and -3 cities among students who prepare for public recruitment exams including railways and banking.

WiFiStudy was acquired in a stock and cash deal, according to a statement released by Unacademy.

WifiStudy primarily makes videos in Hindi, where the instructor talks about preparations related to exams including Bank PO and RBI. The channel has about 4.5 million subscribers.

“In the last few years, we have steadily grown with over 5,000 active educators who are imparting education to millions of learners. Getting WiFiStudy on board just seemed like the logical next step,” Unacademy co-founder and CEO Gaurav Munjal said. “With their exemplary set of teachers and strong presence in smaller towns and cities, we are one step closer to realising our vision. WiFiStudy will be part of the Unacademy group but will continue to operate independently under the leadership of Dinesh Godara, who will serve as the CEO.”

Unacademy is one of the country’s fastest-growing education start-ups with a network of 5,000 active educators, 5 million learners and over 50,000 courses in more than 10 Indian languages.

Founded in 2015 by Gaurav Munjal, Roman Saini and Hemesh Singh, Unacademy has raised roughly $39 million from investors such as Sequoia India, SAIF Partners, Nexus Venture Partners and Blume Ventures.

Munjal and Singh previously founded roommate discovery start-up Flatchat, which was eventually sold to CommonFloor in 2014.

This article was first published on livemint.com

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.