Unacademy acquires Handa Ka Funda to further CAT and MBA preparation platform

EdTech startup Unacademy has acquired Handa Ka Funda, a website that offers CAT and other MBA entrance preparations. With the acquisition, Unacademy has also appointed Ravi Handa who started the MBA entrance preparation platform. The 9-year-old startup currently serves more than 20,000 students who have enrolled in his online courses across cities. The acquisition prominently serves to strengthen Unacademy’s leadership position in the MBA test preparation market. This is the startup's 8th acquisition since its inception.

Read More: Unacademy: All 7 Acquisitions So Far (6 of them happened in 2020!)

Announcing the acquisition through a live YouTube stream, Ravi Handa announced announce the partnership. The former had been planning to partner with Unacademy for a long time; in his own words, "but some problems arose every time". “Now that it has finally happened, I am beyond happy,” Ravi said. “It has taken me 10 years to reach where I am today”. Transitioning to the unicorn startup, Handa has announced that his existing students who have enrolled for the Class of 2021, will continue as students on the Handa Ka Funda website.

As part of the acquisition, Handa will only join the startup for future activities. He also tweeted the update on March 23.

Handa Ka Funda has been acquired by @unacademy pic.twitter.com/kJGe8OMyrs

— Ravi Handa (@ravihanda) March 23, 2021

Future of Handa Ka Funda and Unacademy

Through Unacademy, Ravi Handa aims to increase the reach 5x from 20k to 1 lakh. He will conduct free classes for the former's new YouTube channel - CAT Funda. The classes will also have other teachers to take up courses like English, RC, LR-DI etc. Apart from the free videos on YouTube, Unacademy also aims to launch a CAT preparatory course with Unacademy Plus. Further, Unacademy's new initiative ICONIC aims at personalised CAT classes. Thus, not only will this move help the Gaurav Munjal-led edtech startup reach a larger audience, but it will also help it establish itself in the field of MBA preparation.

Ravi is an IIT Kharagpur alumnus and has been a CAT tutor for over 15 years.

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