Unacademy Acquires Game Streaming Platform Rheo TV
The latter was founded by ex-Unacademy employees Saksham Keshri and Prakash Kumar in 2019
Edtech unicorn Unacademy has acquired live game-streaming platform Rheo TV for an undisclosed amount. The latter was founded by ex-Unacademy employees Saksham Keshri and Prakash Kumar in 2019. The Rheo TV co-founders will be joining Relevel (Unacademy's hiring platform) as founders alongside Co-founder and CEO Shashank Murali, Unacademy Founder and CEO Gaurav Munjal, as per the sources.
Bengaluru-based Rheo TV was founded in August 2019 to make game streaming a mainstream career option in India. The platform allows professional gamers to drive engagement and monetization of their feeds. Within a year of launch, the platform clocked more than 5 million users and over 10,000 live streamers, including several college students.
Relevel, an Unacademy Group, offers job aspirants access to openings and interviews at India's fastest-growing companies and connects recruiters with the best candidates, pre-assessed on their aptitude, competencies, and skills.
Rheo TV is Unacademy's eighth acquisition since March 2020. It follows the acquisitions of Kreatryx, CodeChef, PrepLadder, Mastree (where it acquired a majority stake), Coursavy, NeoStencil, and TapChief. The SoftBank, General Atlantic, Facebook, and Tiger Global-backed company is doing a land grab of sorts across learning segments, as India's ed-tech sector witnesses a significant consolidation wave since the COVID-19 outbreak.
