Unacademy Looks To Strengthen K12 Offering With Mastree Acquisition
India, July 15 -- Set to enter the unicorn club with $200 Mn funding from SoftBank, Bengaluru-based edtech startup Unacademy has made its third acquisition in four weeks by acquiring a majority stake in K12 learning platform Mastree for $5 Mn. The acquisition has given Mastree's investor, Blume Ventures, an exit.
Unacademy is looking to strengthen its position in the K12 segment by acquiring Mastree, which was founded by Shrey Goyal and Royal Jain in 2019. Mastree is building a one-stop subscription product for STEAM (science, technology, engineering, arts and mathematics) courses, for classes 5-8.
These include Live Classes in small groups for mathematics, science, public speaking, creative writing, Vedic mathematics, and others. The c...
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