The world is massive Experimenting with distance learning has done more than highlighting the rifts in the way we learn. It has brought much-needed attention and capital to possible solutions.
But it’s not just investors hurrying into the room. The established Edtech companies also take note of this. Recent acquisitions show that edtech’s growth spurt is forcing established companies to think bigger and attract talent.
The Indian Edtech giant Byju describes how to turn dynamics. In June, the company raised $ 10.5 billion in cash. It is currently India’s leading online edtech market. Days later, TechCrunch learned that the company was in talks to purchase the two-year-old Doubtnut educational learning app for $ 1
This is because Doubtnut has an impact on a place that Byju does not have: smaller, localized towns and villages in India. While Byju could be a household name in the larger cities of India, the purchase could help it expand into smaller markets.
There is also Docsity’s recent shopping spree. The global e-learning startup, launched in 2010 for Italian students, is a social network for professionals and students. In early July, plans were announced to purchase two Edtech companies: Estudar Com Você, based in Brazil, and Koofers, based in the United States
Estudar com Você was founded in 2015 and is nicknamed the “Brazilian Khan Academy”. It sells video courses and text-based explanations for students in Brazil. Docsity bought the upstart to expand its offering to its largest market, Brazil, and include college video content in its curriculum.