Unacademy buys test prep platform NeoStencil to expand small-town presence

Betting on inorganic growth, Facebook-backed edtech unicorn Unacademy has acquired test preparation platform NeoStencil to increase its footprint in Tier II and III cities. In 2020, Unacademy has acquired Kreatryx, and PrepLadder, besides investing in Mastree, and taking over the custodianship of CodeChef.

Founded by Kush Beejal and Love Beejal in 2014, NeoStencil has tie-ups with over 100 institutions and offers 500 plus courses to nearly 1,100,000 students. It works on an asset-light and scalable model which leverages technology to solve the problem of accessibility for students and teachers. The live-learning platform has helped over 100 coaching institutes go live, and over 15,000 paid students enter classrooms from their homes.