Unacademy Group-owned Graphy, a platform for educational content creators to grow their audience and host live cohort-based courses, has acquired ed tech platform Spayee for $25 million, Mint has reported.
Noida-based Spayee allows content creators to produce customised courses in the form of audio and video tutorials, PDFs, documents, quizzes, assignments, and live classes. The company also supports creators to create and build their own website and mobile apps on Android and iOS. Spayee claims more than 2,000 creators and businesses have launched their platforms using its platform.
In a statement Spayee stated it will continue to operate as an independent company.
Graphy’s co-founder and chief executive Sumit Jain said: “The creator economy is booming and at Graphy, we are constantly on the lookout for avenues that will help creators grow and achieve their full potential. We share a common ethos with Spayee, recognising the need for an affordable, secured and scalable medium for content creators to build an online education business. And Spayee has built a winning proposition for creators. We are confident that having them as part of the Unacademy Group will help us explore common synergies and build the world’s largest creator community.”
Date published: 12 October 2021