Unacademy picks up 51% stake in Mastree for $5 mn
Unacademy has bought 51% stake in K-12 learning platform Mastree for $5 mn (about Rs 38.4 crore).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.
"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," Gaurav Munjal, co-founder and CEO of Unacademy, said.