Graphy, an Unacademy Group company, has acquired Noida-based edtech startup Spayee for $25 million.
The acquisition is aimed at strengthening its leadership position in the creator economy, said Graphy in a press release.
Graphy was created as a platform for educational content creators to grow their audience, monetise their skills, and host live cohort-based courses. The platform helps creators launch their own online school in under 60 seconds.
Post the acquisition, Spayee will continue to operate independently. Currently over 2,000 creators and businesses have launched their platforms using Spayee.
Founded in 2014 by Sandeep Singh, Gourav Kakkar, Aniruddha Singh, and Vijay Singh, Spayee allows content creators to produce customised courses in the form of audio and video tutorials, PDF documents, quizzes, assignments, and live classes.
Unacademy Group has been on an acquisition spree since January 2020. The edtech unicorn had acquired live game streaming platform Rheo TV in July this year. In August, it closed a Series H round of $440 million at a valuation of $3.44 billion.
