Unacademy’s Graphy is set to acquire community platform Build on Scenes. The acquisition is expected to be completed in the coming weeks.
Build on Scenes is a popular platform with 1 million users. It lets users create and share interactive learning experiences. Over 100,000 such experiences have been created using the platform.
Unacademy’s acquisition of Build on Scenes is a strategic move to enter the creator economy. Graphy, a content creation platform, enables users to create and share interactive content. This acquisition will enhance Graphy’s offerings, providing users with a wider range of tools for interactive content creation and sharing.
Unacademy’s acquisition of Build on Scenes demonstrates its commitment to the edtech sector. As a prominent player in India’s edtech industry, Unacademy aims to maintain its competitive edge. By acquiring Build on Scenes, the company solidifies its position and strengthens its investment in the space.
Graphy, founded by Sumit Jain, achieved operational profitability in December of the previous year.
Unacademy was involved in acquiring startups in 2020-21 but only managed to acquire Gate Academy in 2022.
Unacademy’s financial performance saw significant growth in revenue in FY22, with an 80.7% increase to Rs 719 crore.
