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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Four years after Bodhi Tree’s investment, the test-prep giant remains caught between a slowing legacy business and growth bets that are still in their infancy.
Four years ago, Bodhi Tree Systems, founded by Uday Shankar and James Murdoch, decided to invest $600 million into Allen Career Institute. The plan was that the investment platform, by acquiring a 36% stake, would help the four-decade-old coaching giant transform into a modern education company.
Things haven’t exactly gone to plan. First, Bodhi Tree acquired just 20.4% of the company for Rs 1,874 crore, or $235 million. Second, despite years of expansion, digital investments and new product launches, the supposed transformation remains a work in progress.
Three problems sit at the core of this enterprise.
Physics Wallah’s desperate pursuit of growth has led to another bold announcement. The latest move centres around one of India’s most competitive test-prep pockets.
As offline centres struggle to scale, the edtech firm leans back into its digital roots.
The math learning platform is growing fast and expanding globally. Success will depend on how smartly it can manoeuvre the very pitfalls that have crippled peers.
