Introduction to the EdTech Industry
One of the few industries that have been positively impacted by ‘corona positive’ is the EdTech industry. Slowly but steadily, it has been witnessing an impressive growth spurt. The edTech industry is continuing to grow even now, and it seems the future is looking great for pioneers in this industry.
We are also seeing a large increase in the demand for existing market leaders right now, followed by many new players joining the competition. These new companies seem to be very likely to stay in this industry.
Online educational platforms are becoming more prevalent as the demand for job-related skills increases. The aim is to provide students with increased access to learning opportunities and prepare them for success in today’s workforce. Furthermore, the internet’s availability and the rise in mobile usage have made education easily available to students.
With more and more people entering the EdTech industry, we see trends that include mergers and acquisitions. Let’s look at some acquisitions in the EdTech industry.
#1 Talentedge Acquired by UpGrad – Dec 6, 2021
Photo by: BW Education
Gurgaon-based Talentedge offers more than 60 courses in partnership with 20+ universities. Talentedge partners with top Indian & International institutes including IIMs, XLRI, MICA, eCornell, UCLA extension among others, and has more than 5,00,000 individual and corporate learners. Talentedge was acquired by UpGrad on Dec 6, 2021, for around Rs 350-400 crore.
Source: Business Standard
#2 Teachmore Acquired by Teachmint – Dec 14, 2021
Photo by: Outreach
Teachmint, an education infrastructure startup and the creator of India’s largest teaching platform announced the acquisition of Teachmore on Dec 14, 2021. Teachmore is a course-selling platform that enables teachers to sell educational products like online courses, live classes, quizzes and more through their apps and websites.
Source: India Education Diary
#3 Edureka Acquired by Veranda Learning – Sep 23, 2021
Photo by: ThePrint
Kalpathi AGS Group-owned Veranda Learning Solutions has acquired edtech company Edureka for Rs 245 crore. Edureka is best known for pioneering live online classes based upskilling programs for working professionals.
Source: The Economic Times
#4 Great Learning Acquired by BYJU’S – Jun 26, 2021
Photo by: The Indian Express
Bengaluru based edtech company BYJU’S has acquired Great Learning for $600 million. Great Learning is an online professional and higher education firm in about 160 countries. India is its largest market.
Also read: SaaS Startup Acquisition In The Past Year In Asia
#5 Gradeup Acquired by BYJU’S – Jul 13, 2021
Photo by: Business Standard
Bengaluru headquartered edtech platform Byju’s had formally announced the acquisition of the online exam preparation platform Gradeup, marking its eighth acquisition for 2021. Gradeup will be rebranded as Byju’s Exam Prep and will cater to students preparing for over 150 entrance exams across 25 exam categories covering government jobs and postgraduate entrance exams such as IAS, GATE, CAT, Bank PO/Clerk, Defence, and UGC-NET.
Source: TechCircle
#6 Toppr Acquired by BYJU’S – Jul 13, 2021
Photo by: Hindustan Times
Online education platform Byju’s has acquired Toppr, which provides online courses for school students. Toppr helps students prepare for various school, board, and competitive exams. Zishaan Hayath and Hemanth Goteti founded the edtech platform Toppr in 2013.
Conclusion
The EdTech players are constantly coming up with new and revolutionary concepts to better the education system. 2021 was when the trend of EdTech really kicked off, and it will be growing in size even more in 2022.
