M&A

M&A

Unacademy-backed Graphy acquires edtech platform Spayee for $25-M

Social Media Announcement,   Business Standard  

Bengaluru-based Graphy, an Unacademy Group company, acquired Noida-based edtech platform Spayee for $25 million. Post the acquisition, Spayee will continue to operate as an independent entity. The acquisition will strengthen Graphy's position in the creator ecosystem, while increasing its reach and enabling it to optimise its product offerings. Spayee allows content creators to produce customised courses in the form of audio and video tutorials, PDF documents, quizzes, assignments, and live classes. Spayee also supports creators to create and build their own website and mobile apps on Android and iOS. Currently over 2,000-plus creators and businesses have launched their platforms using Spayee. Graphy is a platform for educational content creators to grow their audience, monetize their skills, and host live cohort-based courses.