NeoStencil, an Indian test preparation platform has been acquired by Edtech giant Unacademy which is based in the same country. The company had initially acquired Code Chef, K-12 learning platform Mastree and PrepLadder, which is a postgraduate medical entrance exam preparation platform. Lately, Unacademy acquired UPSC test preparation platform Coursavy in September 2020.
In 2020, the edtech giant and one of the most appreciated edtech startups in India acquired six startups, including NeoStencil. It commenced the startup acquisitions chart for 2020, banging out BYJU’S and other startups.
What Unacademy has to say
Gaurav Munjal, the Co-Founder and CEO of Unacademy Group said, “Our mission at Unacademy Group is to democratise knowledge and while we have set out firmly towards that goal, we still have a long way to go. We’re always looking for synergies in the form of great companies and teams, which are creating an impact by making educational products affordable and accessible”.
“NeoStencil has offered 500+ Courses to millions of students. And we believe together we can create a huge impact and build products that help our Learners crack their goals. “I have known Kush and Love for the past 3 years and have been fortunate to see their journey from the sidelines. It’s great to have them as a part of the Unacademy Group,” he also added.
What NeoStencil has to say
“Our resolve is to ensure that every aspirant has access to the best resources regardless of whether they live in a metropolitan city. Joining the Unacademy Group enables us to realise this vision by being a part of a larger movement. I still remember meeting Gaurav three years back, and his remark that NeoStencil is one of their most honourable competitors meant a lot to us. We’re delighted to come on board,” said Kush Beejal, Founder and CEO of NeoStencil.
About Unacademy
Unacademy is a learning platform based in Bangalore, India. It was founded in 2015 by Gaurav Munjal, Hemesh Singh, Roman Saini and Sachin Gupta. The startup provides content for major competitive examinations as well as gives short lectures in the form of videos on different subjects that can be reached for free. It allows ambitious students to better prepare for their competitive examinations and promote self-learning.
About NeoStencil
NeoStencil is a learning platform which was founded in 2014 by Kush Beejal and Love Beejal and is headquartered in India. The main intention of the company is to make education available, accessible, and affordable across the country. It has exhibited an asset-light and scalable model that uses technology to solve the problem for students and teachers.
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