Indian edtech’s irrational exuberance

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Editor's note: It seems as if every other education technology startup in India has put up a “for sale” sign. Two developments from this week alone point to this frenzy.  From Entrackr:  “After the $300 million acquisition of WhiteHat Jr, the Bengaluru-based venture is in late-stage talks to acquire Toppr, one of its rivals in the K-12 space, according to three people familiar with the details of the transaction.” “The two companies have been in talks for over two months and it has now reached an advanced stage,” said one of them, requesting anonymity. The deal that would value [Toppr] at over $150 million is likely to be closed and announced soon.” For Byju’s, it would be the third-largest acquisition after it took over kids-focused coding platform WhiteHat Jr for $300 million in August 2020 and recently signed a deal to acquire the brick and mortar test preparation company Aakash Educational Services for $1 billion.” From Exclusive: Byju’s set to acquire Toppr in a $150 Mn deal • Entrackr And, from The Economic Times: ““SoftBank-backed edtech startup Unacademy has acquired TapChief, an …