Instead of acquisitions, Tata Group is taking a leaf from an old book to ace the tough ed-tech test
Synopsis
The Tatas have been exploring deals in hot startup sectors, but for ed-tech, they aren’t taking the acquisitions route. Instead, the group is banking on the expertise of its existing entity, Tata ClassEdge, to become a prominent player in the heavily funded and hotly contested business of ed-tech.
The Tata Group’s super-app ambitions are known to all. Chairman N Chandrasekaran does not want the group to cede the massive online market to startups. So, the group is pumping in money, with Tata Digital setting a INR12,000 crore limit to make acquisitions and investments. Most of the group’s cash infusions have gone into this new unit. The group is striking deals in hot startup sectors. Grocery has seen a USD1.2 billion acquisition of
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