Graphy acquires edtech start-up Spayee for $25 Million

Graphy, an Unacademy Group company, has acquired edtech platform Spayee for $25 Million. The acquisition is led by Graphy’s plan to become a leader in the creator ecosystem. After the acquisition, Spayee will continue to operate independently.

Spayee was founded in 2014, by Sandeep Singh, Gourav Kakkar, Aniruddha Singh, and Vijay Singh. The platform allows content creators to produce customized 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.

“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, recognizing the need for an affordable, secured and scalable medium for content creators to build an online education business,” Sumit Jain, co-founder and CEO, Graphy, said.

Graphy recently launched multiple programs like the Creator Grant and Graphy Select Accelerator program to boost the creator economy and help creators monetize their skills and launch their online school.