Unacademy ends 2020 with year’s fifth acquisition; buys NeoStencil to strengthen test prep stronghold

India’s second most valued edtech company Unacademy has struck another acquisition deal before ending 2020. The SoftBank and Facebook-backed company has acquired test prep startup NeoStencil for an undisclosed amount, its fifth acquisition this year. “NeoStencil has offers 500+ Courses to millions of students. And we believe together we can create a huge impact and build products that help our Learners crack their goals,” Unacademy co-founder and CEO Gaurav Munjal tweeted on Wednesday. The latest acquisition will help fortify Unacademy — the online learning platform for cracking competitive exams—growth in the test prep segment of edtech sector in India.

Originally launched as a YouTube channel in 2020 and later incorporated as a company in 2015, Unacademy has so far made six acquisitions.