Unacademy Group-owned Graphy on Monday said it has acquired edtech platform Spayee for $25 million.
Founded in 2014, Spayee allows content creators to produce customised courses in the form of audio and video tutorials, portable document format (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 creators and businesses have launched their platforms using Spayee, it said.
Graphy 🤝 Spayee
Here’s to empowering millions of Creators & helping them pursue their dreams full time through the amazing Monetisation Products we are building 🥂
Our Creators are now making almost 20 crores a month.
Being a full-time Creator is an amazing Career Path ☺️
— Gaurav Munjal (@gauravmunjal) October 11, 2021
Sumit Jain, co-founder and chief executive officer, Graphy 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,”