India’s top two edtech companies aim to be $100 billion businesses. Their quest for size has sparked an acquisition spree that’s seen them come dangerously close to treading on each other’s toes. Where’s this race headed?
Byju Raveendran is a busy man. When not raising capital, which he seems to have done with alarming regularity over the last 15 months, he is busy meeting potential investors. Or entrepreneurs whose startups could be his next acquisition target. Many of these meetings end up in the business news section of mainstream media. A lot more fail to leave the gossip corridors of Bengaluru and become part of startup folklore. Then there are some meetings few know of and even fewer talk about.
A series of such meetings were held around this time last year, just before the COVID-19 …
Pradip is a co-founder at The Morning Context and leads our newsletters vertical. He has previously worked at The Ken as a staff writer, at Mint as an assistant features editor and the Deccan Chronicle as a copy editor. He works with a slew of expert newsletter writers across subjects and domains. His own writing spans the gig economy, farmers caught in the crossfire of technology, global warming and parents trapped in the edtech wave. Some of his best stories have come at the intersection of technology and human endeavour.
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