Bengaluru-based online education startup Unacademy has acquired WiFiStudy, a Jaipur-based online education and career portal, in a cash and stock deal. The size of the transaction has not been disclosed.
With this acquisition, Unacademy will establish its presence in smaller Indian towns and cities where WiFiStudy has a stronghold.
Wifistudy, founded in late 2013, will continue to operate independently under the leadership of Dinesh Godara who will continue to serve as the CEO of Wifistudy.
Gaurav Munjal, Co-founder and CEO, Unacademy, said, "In the last few years, we have steadily grown with over 5,000 active educators who are imparting education to millions of learners. Getting WiFiStudy on board just seemed like the logical next step."
Founded in 2015 by Munjal, Roman Saini, Hemesh Singh and Sachin Gupta, Unacademy runs two apps, one for learning called 'Unacademy Learning App' and another for teaching called 'Unacademy Educator App'.
Dinesh Godara, Co-founder and Chief Executive of WiFiStudy, said, "Together, Unacademy, India's largest learning platform, and WiFiStudy, India's biggest YouTube channel for competitive exams can create a massive impact on the Indian education system."
WiFiStudy runs an online study platform for competitive exams such as staff selection commission (SSC), insurance and banking, defence, state police services, civil services, railways and others.
