Indian edtech startups received over $2.22 billion funding in 2020: Report

Indian edtech startups have seen a total investment of $2.22 billion in 2020 as compared to $553 million in 2019, according to Indian Private Equity and Venture Capital Association (IVCA) and PGA Labs data. At least 92 players attracted funding in 2020, out of which 61 players received seed funding.

Titled as ‘The Great Un-Lockdown: Indian Edtech’, the report mentioned that Indian online education platforms have raised $4 billion in the last five years (2016-2020). "Indian edtech startups received a total investment of $2.22 billion in 2020 alone, compared to $553 million in 2019. K-12 and Test Preparation companies accounted for the largest share ($1.98 billion), followed by Continued Learning ($142 million), Higher Education ($84 million), Pre-K ($12 million) and B2B Edtech companies ($7 million)," it said.

The full article was originally published on Mint