Byju’s is buying Aakash Educational Services for nearly $1 billion, in a bid to enter the test prep space. But will Byju’s succeed and what implications does the deal have for the edtech space?
In 2020, e-commerce and consumer Internet companies raised over $8 billion in private equity and venture capital funding spread over 400 deals, says EY-IVCA India Trend Book 2021 report.
As schools begin to reopen, the big tech revolution enabled by the rise of education technology will transform schools, and they would have to incorporate these as new ways to impart an education.
How low-code/no-code, which is a change in the way users interact with software tools, will usher in the next wave of enterprise innovation by democratising technical skill sets.
History has shown that every crisis comes with a hidden opportunity. Covid-19 is no exception. And its in education where we are witnessing some radical changes which will define this decade.
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.
Edtech startups in India have captured a large chunk of venture capital investments since early this year; Amazon-backed Acko is among a handful of non-edtech startups to raise top dollar.
