Education Employability and Skilling
Edtech startups attracted over USD 2.22 billion funding in 2020: Report
17 Dec 2020
Indian
edtech startups received a total investment of USD 2.22 billion in 2020 as
compared to USD 553 million in 2019, reflecting the confidence of investors in
the segment that has seen a huge surge amid the pandemic, a report by IVCA-PGA
Labs said on Thursday.
The report, titled ‘The Great ‘Un-Lockdown’: Indian EdTech’, noted that Indian
online education companies have raised USD 4 billion in the last five years
(2016-2020) with companies like Byju’s, Unacademy and Vedantu accounting for
the highest share.
In 2020, 92
players received funding, out of which 61 players received seed funding, the
report by Indian Private Equity and Venture Capital Association (IVCA) and PGA Labs,
said.
“Indian
edtech startups received a total investment of USD 2.22 billion in 2020 alone,
compared to USD 553 million in 2019. K-12 and Test Preparation companies
accounted for the largest share (USD 1.98 billion), followed by Continued
Learning (USD 142 million), Higher Education (USD 84 million), Pre-K (USD 12
million) and B2B Edtech companies (USD 7 million),” it said.