Indian edtech startup Unacademy has recently announced the acquisition of CodeChef, an online programming platform. The size of the deal is not disclosed. This acquisition will likely help CodeChef launch coding skills for school kids, according to Entrackr.
Founded in 2009, CodeChef aims to help programmers enhance their coding skills through contests. The platform claims it has over 1 million programmers worldwide.
“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,” said Anup Kalbalia, chief executive officer of CodeChef.
CodeChef is the second acquisition by Unacademy in 2020. Unacademy acquired online exam preparation platform Kreatryx in March.
Edtech companies have witnessed a surge in usages and adoption amid the COVID-19 pandemic. Compared to March, Unacademy claimed 82% revenue growth in April.
JMDedu is a leading B2B EdTech Media in China that informs and connects business professionals through our reports, events, and information services. Our mission is to drive the advancement of education. Our network spans the education industry in China as well as globally, including entrepreneurs, investors, startups, educators, business decision-makers, and policy decision-makers.
