ApplyBoard plummets 74% vs Australian Agencies Being Acquired
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ApplyBoard plummets 74% vs Australian Agencies Being Acquired
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While edtech unicorn ApplyBoard faces a 74% valuation collapse, strategic consolidation continues in international education with two key acquisitions targeting Australian student pipelines. This episode breaks down what these deals mean for agencies navigating the consolidation wave.
ApplyBoard's Reality Check
- Valuation plummeted 74% from $3.2 billion peak to approximately $800 million
- $2.4 billion in value wiped out, highlighting the gap between venture capital hype and market realities
Strategic Acquisitions Continue
- EaseMyTrip-Planet Education Deal: Indian travel platform acquires 49% stake for £3.5 million in Sydney-based education provider
- StudyIn-SUN Education Merger: UK-based StudyIn acquires Indonesian recruitment agency with 2,000 annual placements, primarily to Australia
Sources
- https://thepienews.com/easemytrip-enters-sector-with-almost-50-stake-in-planet-education/
- https://thepienews.com/exclusive-studyin-acquires-indonesian-student-recruitment-agency-sun-education/
- https://thepienews.com/a-moment-in-time-applyboard-responds-to-valuation-decrease-claims/
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