Bengaluru-based Sorting Hat Technologies, which runs edtech platform Unacademy, on Thursday said it has acquired UPSC exam preparation platform Coursavy for an undisclosed amount.
The startup has made multiple acquisitions and investments to boost its presence in the test preparation space and the broader edtech segment this year. So far, it has bought Kreatryx and PrepLadder, picked up a majority stake in Mastree, and taken over the custodianship of CodeChef.
Interestingly, the startup, founded by Gaurav Munjal, Roman Saini and Hemesh Singh, began its journey in 2015 with a focus on UPSC exam preparation services. It has added several other verticals on its platform over the years.
“As we grow and strengthen our position as the leader in the test prep market, bringing Coursavy on board will play a strategic role for Unacademy in the UPSC examination category. At Unacademy, we are striving to democratise education in India and this acquisition is a step in that direction,” Munjal said.
Unacademy currently has 18,000 registered educators and over 30 million learners on its platform. The company counts Facebook, General Atlantic, Sequoia India, SAIF Partners, Nexus Venture Partners, Steadview Capital and Blume Ventures as investors.
Coursavy was founded in January 2019 by Vimal Singh Rathore to make quality and affordable educational content accessible to UPSC aspirants through technology. The company developed a learning platform and process, which focuses on solving the lack of discipline among students. It claims to have replicated on its platform the personal guidance and engagement a student receives in the offline setup.
Coursavy educators, including Rathore, will now teach on the Unacademy platform and mentor existing educators on improving discipline among exam aspirants.
“At Coursavy, we have created a 360-degree ecosystem where content, teachers, students, live interactions and query resolution are connected in a daily discipline -- empowering students to focus on their studies with a trust that all issues will be resolved by the teacher,” Rathore said.
Coursavy offers live sessions that include daily doubt resolutions, core content classes, mentorship, study notes, evaluation and feedback to inculcate daily discipline in aspirants. The company has subject experts teaching over 70,000 learners through their YouTube channel and platform.