Rational or Madness: Edtech Acquisition Spree

EdTech Companies seem to be on spree for expanding their operations through acquisitions. EdTech was one of the biggest beneficiaries of digitalisation and work-from-home. With the digital revolution, EdTech changed its dynamics which was coupled with covid-19 crisis. All these paved the way for proliferation of EdTechs in India and with an increasing number M&A transactions picked up in EdTech Sectors. In this article, we have discussed the latest M&As in the EdTech sectors and the way forward. We list below some of the recent acquisitions in the sector

PhysicsWallah acquires PrepOnline and Altis Vortex

EdTech unicorn PhysicsWallah announced the acquisition of test preparation edtech company PrepOnline and book publisher Altis Vortex for an undisclosed amount in a mix of cash and stock deal.

The acquisition of PrepOnline will help PhysicsWallah (PW) foray into online competitive exam preparation segment and acquisition of Altis Vortex marks its entry into book publishing domain.

PrepOnline focusses on preparation for NEET, Board Exams, and state-level government exams while Altis Vortex is publisher of NCERT-based books for class 11, 12, NEET and CUET-UG Exam preparations.

PW has roped in 35 employees from PrepOnline, of which 18 are adept teachers with around 8-10 years of experience, to enhance its teaching infrastructure. PrepOnline has a paid user base of 42,000.

Vivek Gaur, founder of PrepOnline has joined PW as Chief of Growth and Kumar as Chief of Projects. The new partners will also support PW in other domains, including retail marketing, e-commerce sales, and printing, the statement said.

Vedantu to take majority stake in Deeksha for $40 million