Education Employability and Skilling
Indian edtech startups see investment of $2.22 bn in 2020, shows data
17 Dec 2020
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.
The IVCA report ‘The Great Un-Lockdown: Indian Edtech’ released on
Thursday stated that 92 players received funding in 2020, out of which 61
players received seed funding.
Byju’s and Unacademy have raised the most capital, $2.32 billion and
$354 mllion, respectively, in 2020, while B2B edtech received a total funding
of $31 million in 2017-2020.
The report estimates that education is a $117 billion market in India
with around 360 million learners in 2019-20. The report further said around $49
billion is spent on school education, 66% of which is spent on primary
education and 27% on secondary education. Around $42 billion is spent on
supplementary education, which primarily comprises private coaching and test
preparation.
The education and edtech market can be divided into 5 segments: pre-K,
K-12 and test preparation, higher education, continued learning and B2B edtech.
The full article was originally published on Business Standard