On the penultimate day of 2020, Unacademy, India’s second largest edtech unicorn, added a new company, NeoStencil, to its growing kitty of acquisitions. A government test-prep platform, NeoStencil was Unacademy’s sixth acquisition in the past 12 months.
The move bookended a breakout year for India’s edtech industry, which surged as educational institutes shuttered due to the Covid-19 pandemic. Edtech solutions, for the first time, went from being mere after-school remedial “supplements” to the main fare for over 285 million 285 million National Sample Survey, 75th Round Household Social Consumption of India Read more students.
