On 1 February, top investors holding a combined 30% stake in Byju’s parent Think & Learn Pvt. Ltd called for an EGM to change the leadership, reconstitute the board, and address financial management and governance issues.
By Peerzada Abrar ‘Byju’s financials only reflect the core business. At a group level, they are experiencing substantial losses.’ Beleaguered edtech giant Byju’s is grappling with the need to significantly reduce its losses in order to establish a sustainable business for the long term, according to industry insiders and analysts. The company is currently facing
Roundup Story-Major Acquisitions in Ed-tech domain in 2021
The immense rise in EdTech users due to the ongoing pandemic has provided a significant push to the sector in India, which is relied upon to develop at a CAGR of 52% to turn into a 1.96 billion dollar industry by 2021. The edtech industry is witnessing an impressive growth spurt. Not only is its present scenario progressing, but it also seems like its future is really brightening up with new avenues opening for the pioneers in this industry.
The sudden advent of the industry has resulted in making the EdTech market extremely conducive for all kinds of deals such as mergers, acquisitions, joint ventures, new start-ups etc. Below is the round-up of some major acquisition deals in 2021 to depict the growth spree of the EdTech industry: