The acquisition will further strengthen Unacademy’s leadership position in the UPSC CSE prep market. Unacademy acquires UPSC test preparation platform Coursavy. This change in custodianship will mean that we have access to greater resources, teams, technology, platforms, and capital,”. CodeChef was created as a platform to help programmers make it big in the world of algorithms, computer programming, and programming contests.At CodeChef we work hard to revive the geek in you by hosting a programming contest at the start of the month and two smaller programming challenges at the middle and end of the month. Unacademy Acquires PrepLadder To Strengthen Market Dominance The Bengaluru-based startup acquired PrepLadder for $50 million in a cash-and-stock deal Next Article Unacademy recently acquired Kreatryx and taken over the custodianship of CodeChef. Unacademy had recently launched a separate app Graphy with a different founding team. CodeChef is the second acquisition by Unacademy in 2020. Apart from its monthly coding contests for the community, CodeChef has many initiatives for Schools, Colleges and Women in competitive programming. Practice Problems. Gaurav Munjal, co-founder, and CEO of Unacademy, tweeted, “Codechef is one of the best platforms in the world for programmers and their vision is aligned to what we do here at Unacademy Group. Unacademy Acquires Bhavin Turakhia’s CodeChef Bengaluru-based edtech startup Unacademy has acquired Mumbai-based competitive programming platform CodeChef. NEW DELHI: Edutech platform Unacademy on Thursday said it will undertake an ESOP buyback programme of Rs 25-30 crore in December this year. Unacademy acquires PrepLadder for USD 50 million. In June, it acquired medical education platform PrepLadder for $50 million, acquired online exam preparation startup Kreatryx in March and also acquired CodeChef, an online platform for coders. Since 2017, Bhavin has been a board member of Unacademy and will continue to be one and will jointly lead CodeChef with Gaurav. As a part of its inorganic growth strategy, Unacademy had recently acquired Kreatryx and taken over the custodianship of CodeChef. Betting on inorganic growth Unacademy had earlier acquired Code Chef, K-12 learning platform Mastree and … Unacademy, just like Byju’s acquired Whitehat Jr, has acquired a coding app. By IANS Updated on : … Earlier this year, Bengaluru-based Unacademy had acquired Kreatryx, and PrepLadder (for USD 50 million), besides investing in Mastree, and taking over the custodianship of CodeChef. It was developed as a platform to help programmers enhance their skills and create a community. Follow Newsd On Anup Kalbalia, chief executive officer of CodeChef. As a part of the Unacademy Group, Codechef will double down on its mission on creating the best coding platform along with high-quality free courses. Access to two of the best learning platforms, Unacademy & CodeChef. From now on, CodeChef will be operated as a fully-owned subsidiary of Unacademy. Aarzoo is an author at Entrackr who tries to bring in an unbiased perspective while writing about the budding Indian startup ecosystem. Edutech startup Unacademy acquires coding platform Codechef June 21, 2020 June 21, 2020 2 min read Rishabh As a part of the Unacademy Group, Codechef will double down on its mission on creating the best coding platform along with high-quality free courses. Unacademy has announced the acquisition of CodeChef, an online platform for algorithm and coding. Entrackr had exclusively reported the development. Unacademy acquires CodeChef on 2020-06-18 for an undisclosed amount. Got the pun? Bengaluru-based education technology start-up, Unacademy has recently announced to have acquired comprehensive test preparation start-up, NeoStencil. He wrote on his Twitter handle that he has known […] In 2018, Unacademy acquired YouTube-focused learning platform WiFiStudy. Codechef is one of the best platforms in the world for programmers and their vision is aligned to what we do here at Unacademy Group. ... Unacademy had recently acquired Kreatryx and taken over the custodianship of CodeChef. “Codechef is one of the best platforms in the world for programmers and their vision is aligned to what we do here at Unacademy Group,” said Gaurav Munjal, co-founder, and CEO of Unacademy while announcing the development on Twitter. 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The Mumbai-based company claims to have grown to over 10 lakh programmers globally. “Bringing PrepLadder on board will play a strategic role for Unacademy in the medical entrance examinations category. In 2018, Unacademy acquired YouTube-focused learning platform WiFiStudy. IANS | Sep 24, 2020, 20:28 IST. will continue to remain exactly as they are, and will only grow better in our new home. The acquisition will further strengthen Unacademy’s leadership position in the UPSC CSE prep market. Code Chef, K-12 Lear "This is an opportunity for aspiring programmers to assess where they stand in the Queue! In its fifth procurement this year, Unicorn Unacademy has obtained NeoStencil, a test arrangement device focused on government business. Report incorrect company information. The acquisition aimed to increase Unacademy presence in GATE and ESE space. Its acquisition by Unacademy makes it’s the company’s fifth acquisition in 2020. The buyback - which will be held on December 10, 2020, and is open for current and former employees - is the second such liquidity event at the five-year-old company, a statement said. ThinkStock Photos Coursavy has over 70,000 learners on its YouTube channel and platform where it hosts live online classes, resolve the doubts of UPSC aspirants, and helps with study notes, performance evaluation and feedback. The best of CodeChef. Since March this year, Unacademy has closed its fourth acquisition deal including Mastree. It appointed Sujeet Kumar as a board member. In recent news, it has been announced that Mumbai-based non-profit competitive programming platform, CodeChef has been acquired by a Bangalore-based ed-tech startup Unacademy. In a tweet, Unacademy co-founder and CEO Gaurav Munjal declared that CodeChef will come on board and double down on its mission to create the best coding platform along with high-quality free programming courses for students. Unacademy acquires PrepLadder to boost presence in medical entrance According to Unacademy, the acquisition will strengthen its presence in medical entrance examination categories. The acquisition will further strengthen Unacademy’s leadership position in the UPSC test preparation market. I am super excited to announce this new chapter in @codechef 's journey. ” CodeChef is an eleven-year-old platform that helps programmers get a foothold in computer programming through active participation via contests. CodeChef, in association with Unacademy is bringing to you the best competitive programming learning experience. We look forward to all learners who want to kick-start their programming journey to attend this test LIVE and earn the CodeChef Programming Scholarship which will give you free access to the Competitive Programming Subscription for a month. While the size of the deal is undisclosed, it’s not clear how CodeChef will be positioned as it was not for a profit venture under its previous owner – Directi. Unacademy acquired major stake in Mastree, a K12 learning platform, by investing $5 million in … Unacademy Group consists of Wifistudy, Kreatryx, PrepLadder, and CodeChef. NeoStencil is India’s first live-online test preparation platform for Government job exams. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Whether you are newbie or a seasoned developer, learn coding from the expert computer scientists. Saved from verrafin.com. Gaurav Munjal, Founder of edtech startup Unacademy, recently took to Twitter to announce the acquisition of online programming platform Codechef. Explore. Codechef was started in 2009 by Bhavin Turakhia, Founder and CEO of Flock, Radix and Zeta, as a part of Directi. Unacademy had recently launched a separate app, Since the Covid-19 crisis has put a lock on educational institutions, edtech companies have been witnessing a surge in usages and adoption. Unacademy recently acquired Kreatryx and taken over the custodianship of CodeChef. Codechef will be a part of Unacademy Group moving forth. You will acquire foundational knowledge to build your own tech product. Today Unacademy announced the acquisition of Coursavy, a leading platform for UPSC CSE preparation. “All our existing programs, contests, etc. Unacademy acquired CodeChef. December 11, 2020. Since 2017, Bhavin has been a board member of Unacademy and will continue to be one and will jointly lead CodeChef with Gaurav. In 2020, Unacademy has acquired Kreatryx, and PrepLadder, besides investing in Mastree, and taking over the custodianship of CodeChef. This is Unacademy’s fifth acquisition this year, after having acquired Kreatryx, PrepLadder, Mastree and CodeChef. Education Deals; Finance Deals; Healthcare Deals; Media & Marketing Deals; Consumer Deals Earlier this year, Bengaluru-based Unacademy had acquired Kreatryx, and PrepLadder (for USD 50 million), besides investing in Mastree, and taking over the custodianship of CodeChef. Earlier this year, Bengaluru-based Unacademy had acquired Kreatryx, and PrepLadder for $50 million, besides investing in Mastree, and taking over the custodianship of CodeChef. As a part of the Unacademy Group, Codechef will double down on its mission on creating the best coding platform along with high quality free courses. June 21, 2020 June 21, 2020 2 min read Rishabh. In a blog post, Anup Kalbalia, Business Unit Head at Codechef, said: I am super excited to announce this new chapter in @codechef 's journey. BENGALURU: Unacademy has acquired majority stake in online learning platform Mastree for $5 million, as the education technology startup looks to strengthen its position in the kindergarten to grade 12 education market in India. Going forward the leadership of codechef will include @gauravmunjal alongwith myself and @anupkal. Unacademy acquired Mumbai-based online competitive programming platform CodeChef in June 2020. In a tweet, Unacademy cofounder and CEO Gaurav Munjal said that CodeChef will come on board and double down on its mission to create the best coding platform along with high-quality free … For Unacademy, which itself has around 30 million learners and 10,000 educators on its platform, it is the fourth major acquisition having taken over platforms such as Kreatryx, Wifistudy and Codechef. This is Unacademy’s sixth acquisition this year, having acquired CourSavy Kreatryx, PrepLadder, Mastree and CodeChef earlier this year. We are moving the custodianship pf Codechef from Directi to @unacademy. Read More bhavin turakhia, Codechef, gaurav munjal, Uncademy Leave a Comment on Edutech startup Unacademy acquires coding … Unacademy Acquires Bhavin Turakhia’s CodeChef 8:54 pm 0 Comments. “Bringing PrepLadder on board will play a strategic role for Unacademy in the … This is also edtech major’s first acquisition after becoming unicorn following SoftBank led $150 Mn funding round earlier this month. By Team Startupcity | Thursday, 31 December 2020, 07:48 Hrs Edtech giant Unacademy has completed its fifth strategic acquisition of the year in form of NeoStencil, a test preparation platform. Seven star on CodeChef and International Grandmaster on Codeforces. A graduate in Economics from Lady Shri Ram College for women, a will to explore the emerging businesses drives her the most. 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