EaseMyTrip, an online travel tech platform, has acquired a 49% stake in Planet Education Australia, an Australia-based study-abroad consultant in an equity share swap deal valued at ₹39.20 crore. The acquisition marks EaseMyTrip’s entry into the international study tourism segment.
The acquisition will enable EaseMyTrip to foray into another tourism sector and leverage Planet Education’s extensive experience in international education services and its strong presence. In return, Planet Education will have access to EaseMyTrip’s vast customer base, B2B agents’ network and tech capabilities.
Through this strategic alliance, EaseMyTrip will leverage Planet Education’s network of 350+ universities across Australia, the USA, the UK, Canada, Singapore, Ireland, and New Zealand.
Nishant Pitti, CEO and Co-Founder of EaseMyTrip, said, “Every year, lakhs of students pursue higher education in countries like the USA, Canada, the UK, Australia, Singapore, New Zealand, and Ireland. Our acquisition in Planet Education is a strategic step to enter the burgeoning international study tourism, allowing us to offer a seamless, end-to-end experience that integrates both education and travel services for our customers. Leveraging Planet Educations’s expertise, we aim to simplify the process of visas and documentation for students, making it hassle-free. We see immense potential in Planet Education’s model and are excited to combine our tech-driven capabilities with their expertise to create enhanced value for our valued customers.”
Sanket Shah, Promoter, Planet Education said, “Planet Education is one of the pioneers in the Foreign Education Industry of India and is in existence for more than 25 years. It is a fact that Indian students are more inclined to go abroad for studies for multiple reasons and its numbers are increasing year after year. Planet Education is one of the top facilitators to students for admission, visas, pre-departure briefings and all other related services. The proposed alliance would be a perfect synergy for the expansion and growth of businesses of both the entities whereby wide network of Planet Education in the form of its presence across the country and EaseMyTrip’s presence through its online platform for travel and tourism will be facilitating each other’s line of business and thereby achieving growth in the businesses.”
Founded in 1999, Planet Education has established itself as a leading education service provider with over 25 years of industry experience. The company offers comprehensive study abroad services, including expert counselling, university placements, and visa assistance, with an impressive track record of helping over 45,000 students achieve their international education goals. Planet Education maintains its headquarters in Australia with its head office in Sydney, operating through a network of 25 offices globally.
