The edtech sector has more than doubled its acquisitions from 10 in 2019 to 23 in 2020
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
First Published: Aug 02 2021 | 6:04 AM IST