Rise of the planet of edtechs

One of India’s most valuable edtech startups Unacademy acquired a majority stake in TapChief, a professional networking and future of work platform, in its seventh acquisition.
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Good morning!

The edtech industry has been heating up for a while now. One of the biggest beneficiaries of the pandemic, the sector has grown at a breakneck speed in 2020. And it looks like the industry is continuing its upward trend.

On Tuesday, one of India’s most valuable edtech startups Unacademy acquired a majority stake in TapChief, a professional networking and future of work platform, in its seventh acquisition.

Unacademy's acquisition spree mirrors the broader industry trend. In 2020, the Indian edtech sector saw more mergers and acquisitions than ever before. 

In the words of Unacademy Co-founder and CEO Gaurav Munjal, "The biggest consumer internet company in India will not be an ecommerce company, but an education company.” 

Unacademy Co-founders (L to R), Roman Saini, Hemesh Singh and Gaurav Munjal

Even BYJU’S, which has acquired seven companies so far including WhiteHat Jr and Akash Educational Services, is reportedly in advanced talks with rival Toppr for a potential acquisition. Sources close to the development say the deal is estimated to be about $120-150 million in size and could be closed in the next couple of weeks.

Also read: Toppr Founder and CEO Zishaan Hayath talks about the dramatic and irreversible changes in education due to COVID-19 that led to a 9X growth for the edtech startup


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Before you go, stay inspired with… 

Archana Vohra, Director, SMB Facebook India

"The small business community was among the first and the hardest to be hit by the COVID-19 pandemic. Yet, in the face of so much adversity, they demonstrated unfathomable resilience."

Archana Vohra, Director, Small and Medium Businesses, Facebook India


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