Facebook-backed online learning platform Unacademy has acquired ed-tech startup PrepLadder for $50 million. The Chandigarh-based startup primarily provides preparatory help with medical entrance exams.
The acquisition highlights how ed-tech startups are favourites of investors in current times. In the first six months of 2020, venture capital investors pumped in $795 million in the segment compared with $108 million in the year-ago period.
