Edtech is one of the booming startup branches in India. The segment has been witnessing drastic growth for a while, thanks to the evolving Indian student market. These days, almost every student depends on external support to achieve good results in the exam. Rise of online learning platforms has led to the development of the new culture called ‘e-learning’.
The Internet has revolutionised the learning process across the globe. Almost every information about any topic is just a click away. This led companies, which went on to became edtech giants, to exploit the potential of the market.
In India, the first name that crosses mind at the mention of edtech will be Byjus. The company founded by Malayali Byju Raveendran introduced crisp and simplified learning techniques for students. Within half a decade, its subscribers multiplied, making the firm popular. Today, Byjus is part of the coveted unicorn club and is estimated to have a valuation of $5.4 Bn.
Though Byjus is the Goliath among edtechs, a few other players too have established their roots in the industry. CareerGuide, based in New Delhi is claimed to be one among India’s largest career counselling platforms. The platform offers free Q&A sessions with counsellors. Gurgaon-based CollegeDekho integrates students with colleges and universities to guide in higher studies.
With over 30,000 subscribers on board and eminent people like Kiran Bedi being a part of the directorial board, Unacademy from Bengaluru is also making their mark in edtech segment. By employing technologies like real-time virtual learning environment called WAVE, Bengaluru startup Vedantu is reshaping the technological possibilities of the sector.
More ventures are expected to enter the sector in coming years.
