Unacademy, India's learning platform, today announced that it has led a strategic investment of $5M to acquire a majority stake in Mastree, a leading K12 learning platform. This will further strengthen Unacademy’s presence in the K12 learning space. With this investment, Mastree will join the Unacademy Group, which consists of Wifistudy, Kreatryx, PrepLadder, and CodeChef. In addition to the investment, Unacademy has provided Blume Ventures an exit.
Started in October 2019, Mastree recognized the gaps in foundational learning and the challenging transition to middle school for both students and parents. Founded by Shrey Goyal and Royal Jain, the company’s mission is to help bridge this gap by strengthening the foundation and inspiring students to achieve excellence. Mastree is building a one-stop subscription product for STEAM (Science, Technology, Engineering, Arts and Mathematics) courses, for classes 5-8, which will include Live Classes in small groups for mathematics, science, public speaking, creative writing, Vedic mathematics, and others. Along with Live Classes, students can also utilize various features like doubt solving, unlimited personalized practice, Live quizzes, etc.
“During our first meeting, Shrey and Royal showed us the product they were building. We were very excited about it, and hence we decided to partner together. Unacademy and Mastree have a shared vision, and together we want to create an impact and make quality education accessible and affordable. Mastree is building a highly impactful subscription product, and it will change the way students learn. We are very happy to have Mastree as part of the Unacademy Group,” said Gaurav Munjal, Co-Founder and CEO, Unacademy.
“Mastree’s mission is to help students achieve academic excellence by igniting their curiosity and providing them with personalized and affordable education. We are excited to be a part of the Unacademy Group and have the Unacademy team as a partner and mentor in this journey,” said Shrey Goyal, Co-Founder and CEO, Mastree.
Unacademy aims to bring quality and affordable education to all Learners by enabling them to learn from India's Top Educators. The platform currently has over 20,000 Educators, over 30 million Learners and caters to over 35 exam categories.