Bengaluru: Unacademy, India’s largest learning platform, today announced the acquisition of NeoStencil, a leading Test Preparation platform. The acquisition will further cement Unacademy’s leadership position in the Test Preparation space, while increasing its footprint in Tier II and III cities.
NeoStencil was founded in 2014 by Kush Beejal and Love Beejal with the vision to make quality education available, accessible, and affordable across India.NeoStencil developed an asset-light and scalable model which leverages technology to solve the problem of accessibility for students and teachers. The live-learning platform has helped over 100 coaching institutes go live, and over 15,000 paid students enter classrooms from the comfort of their homes.
“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. I have known Kush and Love for the past 3 years and have been fortunate to see their journey. It is great to have NeoStencil as a part of the Unacademy Group,” said Gaurav Munjal, Co-Founder and CEO, Unacademy Group.
NeoStencil has tie-ups with 100+ institutions and offers 500+ courses to nearly 11,00,000 students. On account of the closures during the pandemic, the EdTech start-up doubled its partnerships with academic institutions.
“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 us. We’re delighted to come onboard,” said Kush Beejal, Founder and CEO, NeoStencil.
Post the acquisition, Kush Beejal will continue to runNeoStencil while also finding synergies on how the two platforms can work together.