
India’s edtech battleground is heating up
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.
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.
Every sector responded to Covid-19 in their own way, and a complex part of this response was seen in the education industry. But it stayed resolute, showing that the desire to learn can't be quenched.
Wearing multiple hats—teacher, entrepreneur, content developer, mother—Divya Gokulnath has helped build India's largest edtech company.
The 2020 Most Powerful Women in Business list is special. In its 10th year, it’s about those who navigated their businesses successfully through hard times, and in some cases, struck big-ticket deals.
Tracxn data reveals that Bengaluru-based companies attracted the lion’s share (about $944 million) of investments in the edtech space in the last one year, the highest across cities in India.
The Bengaluru-based edtech company will utilise the funds to launch new test preparation and examination categories, create new learning content and product.
The funding takes the valuation of the Bengaluru-based education-tech company, which has over 42 million registered users and 3 million paid subscribers, to $8 billion, say analysts.
Indian startups, both B2B and B2C, have gone global by venturing into diverse markets. But if they are to lead the digital era, maintaining status quo won’t do.
This is Byju’s first-ever purchase of a U.S. company.
The year saw deals worth more than $100 billion. Experts are hopeful that the momentum will continue in 2019.