Market research on online EdTech player

Management Jobs: The pandemic has opened a range of new-age courses for MBAs, made some skills more important than they previously were.

More than a dozen Indian edtech players have successfully penetrated global markets, all in K-12, higher education, and co-curricular segments.

Education technology or edtech was one of the least funded sectors in India until 2019, but the rise of remote learning during the COVID-ridden 2020 has given a new set of wings to this otherwise ignored segment.

The market for extracurricular activities (ECA), both offline and online, remains largely fragmented, is ripe for disruption, and has the scope for high revenue generation.

CollegeDekho is connecting students to colleges and universities from across geographies with the latest information on admissions, entrance tests, infrastructure, courses and careers.

The Bengaluru-based company is estimated to earn $300 million from the US market in FY22.

EdTech platforms are not only limited to virtual learning, most of them offer personalized learning for a hassle-free study environment

Mumbai-based edtech startup Birla Brainiacs is looking to raise $5-10 million in an external round of funding and is in talks with investors, according to the founder of the company.

Edtech leverages investors to integrate profit with purpose

Edtech firm Oliveboard raises INR 23 Cr in its pre-series A round

Preparation for post-pandemic education

At present, Toppr has 35 million monthly active users and 2 million daily active users

One of the largest and most important sectors of the global economy, the education industry, is undergoing a digital revolution.

In an exclusive interaction with Express Computer, Vinay Sharma, Head of Digital & Services, S Chand and Company says that 2020 was a golden year for the edtech sector and it proved to be a catalyst in its growth. He talks about the company’s two offerings, Learnflix and Mylestoone; the first one being an app which offers easy access (one subscription and access to everything) and unlimited practice tests. Whereas, Mylestone is a smart curriculum which offers complete academic solution to school

Going by Coursera’s IPO, there’s value to be unlocked in ed-tech. A study says there will be 100 publicly listed ed-tech companies globally with a market cap of over USD1 billion by 2025. Yet, there are just a handful of them now.

The Indian edtech sector is projected to reach USD 30 billion in size over the next decade from the current USD 700–800 million.

Like children were for toys, their parents may now be the soft target for e-learning marketing.

According to the data collated by research firm Venture Intelligence, Indian edtech startups raised USD 616 million in the first quarter of 2021.

Akshay Munjal has taken it upon himself to solve the problem of underemployment and unemployment with Hero Vired. The online learning platform offers an end-to-end learning ecosystem for professional development and makes students industry-ready for employment

On the other side of the billion-dollar edtech boom are children who have been unable to access the most basic forms of online education, and people who have been trying to bridge the digital divide

Do you think Queen was predicting the future of gaming when they asked “Is this the real life? Is this just fantasy?”

The pandemic has made us realize the importance of the Ed-tech sector. When the whole was locked down, the ed-tech sector allowed each one of us to continue our education with the mere requirement of a mobile device and internet.

Edtech leader Byju raising $460 million to reach a valuation of more than $13 billion shows the momentum in the Indian edtech space.

The latest round reduced the shareholding of the promoters group, which includes Byju Raveendran, his wife Divya Gokulnath, and brother Riju Raveendran, to 26.09 per cent in the company.

Education is a fundamental right of every human being. UNESCO is leading this initiative with its Education 2030 Agenda.

The Indian Private Equity & Venture Capital Association (IVCA) has identified ‘fintech in education’ as one of the top trends to watch out for. Startups in this segment are leading the ‘next wave of value creation’ in edtech.

The best education system is the one that adapts to the changing needs of the time. If we teach our children today, as our parents were taught yesterday, we are depriving them of the skills needed for tomorrow.

The outbreak of Covid-19 has opened up new frontiers for EdTech startups in the Indian market, especially the ones looking at the enterprise or B2B segments.

Most of us today want to be fit, those who are fit want to be fitter. But do we care about our brain health? Perhaps not. Coursera’s ‘Biohacking your Brain’s Health’ course tells you how to keep your brain fit through nutrition,

India is one such country in the world where the population of youth is much more than many other countries. Given the limited availability of good quality educational institutions and teachers,

5G telecom networks with data speed nearly 1,000% faster than 4G, will empower teachers to reimagine what's possible inside and outside the classroom.

Indian online tutoring startup Vedantu has acquired Instasolv, a doubt-solving app – marking its first acquisition in the buzzing educational technology space. While the details of the deal remain undisclosed, Vedantu had also invested $2 million in Instasolv in July 2020.

Byju’s may acquire Toppr for $150 million as ed-tech consolidates

Aditya S Chikodi, general manager and business head for innovation and design at Tata Elxsi

The lockdown imposed due to the COVID-19 pandemic led to a shift from classroom learning to online learning.

Why e-learning companies are set to dominate India’s start-up ecosystem in 2021 and beyond

Udayy, an India-based education tech platform, has raised US$2.5 million in a seed funding round led by Alpha Wave Incubation, a venture fund managed by Falcon Edge Capital and InfoEdge Ventures.

BYJU’s didn’t make any official statement regarding Aakash’s acquisition deal Amazon announced the launch of Amazon Academy, targeting JEE aspirants

The year 2020 has been difficult yet promising for the edtech industry. According to Indian Private Equity and Venture Capital Association (IVCA) and PGA Labs data, Indian edtech startups and platforms saw a total investment of $2.22 billion in 2020 as compared to $553 million in 2019.

Armed with tailored strategies along with strong financial backing, companies like Amazon, Byju’s, and Unacademy are fighting to occupy a larger chunk of the edtech space.

BENGALURU (Reuters) - Amazon.com Inc has launched an online academy to train students for one of India’s most competitive college entrance tests, the e-commerce giant said on Wednesday, as it taps a boom in virtual learning during the COVID-19 pandemic.

In 2020, Byju’s raised over USD 1 billion from existing and new investors, which took the company’s total funding to date to USD 2.32 billion.

Bengaluru: Unacademy has concluded a secondary transaction round that saw Tiger Global, Dragoneer Investment Group, Steadview Capital and General Atlantic purchase $50 million-worth of shares from existing investors to increase their stake in the edtech startup.

Simplilearn is expected to close the funding round in about a month at a valuation of $700 million.

Education technology (EdTech) in India drew well over $2 billion in funding this year, sparked by the widespread shift to online education due to Covid-19. A new PGA Labs and Indian Private Equity & Venture Capital Association (IVCA) report elaborates.

As students go back to school and colleges, will edtech platforms continue to note the massive uptake in its user base?

NSE Academy recently acquired a majority stake in TalentSprint, which offers courses to upgrade deep-tech and pure-tech skills. But why did a company that provides training for a career in financial investing and advisory make a foray into ed-tech? Clue: Look outside the silos of academic learning, job readiness, and skilling.

Practically, an edtech platform based in India, said it raised US$4 million in a pre-series B round led by Siana Capital.

Although there has been an easier access to formal-education systems, India is still facing problems related to foundational learning, future-ready curriculum, job-ready skilling, quality of education, and motivation for self-learning. While 2020 was transformational for the education sector, what lies ahead? ET Prime decodes the underlying shifts that go beyond the noise.

From online courses to coding classes, e-learning is disrupting the traditional education system.

Sorting Hat Technologies, the Bengaluru based startup that runs edtech platform Unacademy, has had a remarkable year up until the last day. On Thursday, it announced its sixth acquisition of the year -- test preparation platform Neostencil. Earlier, the six year-old startup raced into the unicorn club, stacking up investor dollars along the way.

The COVID-19 pandemic has forced major changes in education at every level – from early learning to higher education to career development. It has accelerated the adoption of digital technology at an unprecedented scale.

Indian startups understandably saw a decline in the amount of money they raised through 2020, as the Covid-19 pandemic and its subsequent impact on Indian and global economies took its toll. According to consultancy firm Tracxn, 2020 marked the first year since 2016 when the total amount of funding raised by startups in India failed to cross the $10 billion mark.

Author is the Managing Partner of WaterBridge Ventures, a VC firm with investments in B2C, B2B companies using Tech disruption in critical sectors of the Indian economy, as well as global Tech companies being built out of India.

From global call centre to world's classroom: Is ed-tech India's next global export?

Indian edtech startups received over $2.22 billion funding in 2020 as compared to $553 million in 2019

Covid-19 has laid the groundwork for greater awareness around ed-tech solutions and their effectiveness in divulging learning.

The increasing investor appetite for the sector is not surprising, given that the pandemic led to a significant increase in demand for ed-tech services. Students across the country signed up for such platforms to make up for lost school hours.

Indian edtech startups received a total investment of $2.22 billion in 2020 as compared to $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.

India’s sole edtech unicorn, Byju’s, hogs the lion’s share with $1.27 billion in total funding but there’s paltry funding for a broader range of edtech startups.

Indian ed-tech startups have received a total investment of $2.22 billion in 2020 alone, compared to $553 million in 2019, according to a report by PGA Labs and Indian Private Equity & Venture Capital Association.

The Indian edtech ecosystem raised $4 billion in the last five years. Over 92 players received funding in 2020, out of which 61 received seed funding.

More than a dozen startups were able to benefit from the Covid tailwinds to secure investments and even more had cropped up across sub-segments to ride the digital education wave this year.

The report states that India is one of the largest markets for education with 360 million learners in FY20 and is home to some of the largest edtech companies with a global investor base.

The report noted that the education sector has received growing attention from the government with budgetary allocation increasing from USD 11.3 billion in 2018-19 to USD 13.2 billion in 2020-21.

Indian EdTech has raised $4 billion in the last five years and, in calendar year 2020 alone, start-ups in the EdTech space received a total investment of $2.2 billion, a new joint report by Indian Private Equity and Venture Capital Association (IVCA), and PGA Labs, the market intelligence business of Praxis Global Alliance (PGA), revealed.

New Delhi, Dec 17 (PTI) 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.

Byju's and Unacademy have raised the most capital, $2.32 billion and $354 mllion, respectively, in 2020

Venture Capital Investments in B2B Ed-Tech Start-ups in India have grown by 77 per cent to $30 million in 2020 from $17 million a year ago.

With Covid-19 changing how education is imparted, education sector received the highest-ever annual investment in this year.

The vision is aspirational. The implementation road map and rigor will determine whether this truly fosters education-for-all and job creation

This week on Startup Street, a bigger picture of the problems plaguing India’s startup ecosystem, what the community wants and what is being done, at a time Covid-19 stalled businesses temporarily.

India’s consumer goods giants and legacy retailers are forging unique alliances with online aggregators to tide over the logistical hurdles created by the Covid-19 pandemic.

The lockdown triggered by the coronavirus outbreak may prove propitious for OTT platforms, which have seen a surge in new subscribers and increased consumption of late.

With an aim to modernize the e-learning space in India and revamp its image, TikTok plans to launch an education initiative where it will offer small lessons from English slang to nutrition.

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