Unacademy picks up 51% stake in K-12 learning platform Mastree for $5 mn

Edutech platform Unacademy on Tuesday said it has picked up 51 per cent stake in K-12 learning platform Mastree for $5 million (about Rs 38.4 crore).

Earlier this month, Unacademy had announced the acquisition of Chandigarh-based postgraduate medical entrance exam preparation platform PrepLadder for $50 million (about Rs 374.6 crore).

"This (acquisition of majority stake in Mastree) will further strengthen Unacademy's presence in the K-12 learning space. In addition to the investment, Unacademy has provided Blume Ventures an exit," a statement said.

With this investment, Mastree will join the Unacademy Group, which consists of Wifistudy, Kreatryx, PrepLadder and CodeChef.

Founded