EdTech startup Unacademy acquired online platform for coding and algorithm, CodeChef in an undisclosed deal. The development is expected to help Unacademy to start coding skills vertical for kids. Currently it’s not clear how CodeChef will be positioned as it was not for a profit venture under its previous owner, Directi.
Commenting on the acquisition, Anup Kalbalia, chief executive officer of CodeChef said, “All our existing programs, contests, etc. will continue to remain exactly as they are, and will only grow better in our new home. This change in custodianship will mean that we have access to greater resources, teams, technology, platforms, and capital.”
Mumbai-based CodeChef was founded eleven years ago with the objective to help programmers get a strong foot in computer programming through active participation via contests. “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.
Unacademy had also taken over Kreatryx, an online preparation platform for GATE and the Engineering Service Exam in March this year. It is also worth noting that Directi and CodeChef’s founder, Bhavin Turakhia are already on Unacademy’s board of director since 2017.
The edtech startup acquired WiFiStudy, a YouTube focused study platform in 2018. It also recently launched a separate app Graphy with a different founding team. This venture aims to change the way students read books.
Unacademy had reported a 82% surge in revenue in April as compared to previous month owing to the ongoing pandemic.