After raising mega funding from SoftBank and Tiger Global, edtech company Unacademy is gearing up to take on decacorn Byju’s by tapping the K-12 education space and teaching coding to children. Facebook-backed Unacademy is mainly dominant in the area of exam preparation space. “It would be a head-to-head competition with Byju’s,” said an industry source.
Flush with fresh funds, the Bengaluru-based company is planning to make acquisitions and pick strategic stakes in firms that would help it to achieve this goal, according to sources.
This year, Unacademy picked 51 per cent stake in K-12 learning platform Mastree for $5 million