WHATS HAPPENNING IN THE $2 BILLION ED TECH MARKET IN INDIA

A classic example of an explosive growth during the pandemic is being witnessed in the EdTech market.

A business that was booming has been catapulted further, thanks to the present pandemic and the start of a new e – learning way of life.

When the EdTech growth started with Educomp in the late nineties, newer companies have emerged to grow exponentially.

Byju’s is a great example.

Let’s look at the funding raised by  EdTech Firms this year.

Byju’s raised $1 Billion in four tranches.

UNACADEMY raised $257 Million in two rounds

Vedantu raised $100 Million.

Toppr raised $47 Million this year.

WhiteHat Jr. got sold for $300 Million

$ 2 Billion

The activity in this sector has crossed the $2 Billion mark just this year

A Snapshot

The EdTech market is expected to grow from the present $2.8 Billion to more than $10 Billion in the next five years.

The user base is expected to be more than $35 million paid users in the next five years.

More than $1.4 Billion has been invested in this sector in the last nine months.

The firms addressing the K12 education will have the single largest market share at $4.3 Billion.

Coding is the next big wave for children in schools.

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