With investors shying away, Edtech start-up space set for consolidation

Edtech start-ups space is expected to see some major consolidation over the next six months as investor interest wanes in start-ups that have failed to scale their businesses.

The first signs of consolidation showed up last May when iNurture Education Solutions which provides industry-related skills courses announced the acquisition of a similar skill-based Edtech platform, KRACKiN. It was followed by the acquisition of job-skilling platform Acadview Software Private Ltd last October by UpGrad, an online education start-up that is promoted by entrepreneur Ronnie Screwvala. Recently, in June, Manipal Education & Medical Group (MEMG) acquired Jigsaw Academy, an online analytics and big data training start-up for students and professionals.