Edtech firms Byju's, Unacademy, upGrad to benefit as Chinese players tumble

Indian edtech companies have had a dream run, helped by the pandemic and education moving online

China’s new restrictions on its online education industry have come as music to the ears of Indian edtech companies such as Byju’s, Unacademy and upGrad who are expecting their valuations to soar as they go in for aggressive acquisitions prior to hitting the IPO route.  

In a crackdown on its $100 billion edtech sector, China decreed a few days ago that companies offering private tutoring and online education cannot go public, raise foreign capital or make profits if they offer online school curricula.  

Chinese edtech companies plunged into uncertainty and those listed on the US stock exchanges saw their stocks collapse by