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“It takes a lot of time to change consumer behaviour but the pandemic amplified everything,” says Mr Verma. Prior to that, India's education technology market was “evolving”, he says. Companies like his saw themselves as “working for the future”. India's EdTech sector is expected to grow in value to $30 billion in the next decade from about $735 million to $800m in 2019, according to a report published in April by RBSA Advisers. Along with the boost from the pandemic, “the introduction of EdTech has coincided with growing internet penetration with availability of cheaper smartph...

Bulls may be fatigued on Dalal Street, but racing ahead on Deal Street SECTIONS Share Synopsis India saw 161 deals worth over $13 billion in April, out of which 30 accounted for an aggregate value of $5 billion, says a report by consultancy firm Grant Thornton. Agencies Analysts attributed the spike in deal activity to the emergence of the digital theme. NEW DELHI: Dalal Street may have turned choppy as India wrestles a devastating second wave of the Covid pandemic, but Deal Street is seeing brisk activity with private equity investments and merger & acquisitions hitting a decadal high in Ap...

» Tata’s tryst with e-grocery starts with a billion dollar acquisition of BigBasket – here’s why it could be a sweet deal for both Tata’s tryst with e-grocery starts with a billion dollar acquisition of BigBasket – here’s why it could be a sweet deal for both Sanchita DashMar 13, 2021, 10:01 IST BI India/BCCL Tata Digital, a subsidiary of the Tata Group, moved the Competition Commission of India for an approval of its stake in BigBasket. Tata is set to acquire a 64.3% stake in the grocery unicorn. Here’s a deep dive into the deal and why the 152-year old conglomerate is interes...