Indian EdTech beyond the first phase - A booster shot for long term growth

Part one of this blog-series[1] discussed how factors like Covid-19 pandemic and introduction of the National Education Policy 2020 (“NEP”) enabled expansion of the educational technology (“EdTech”) sector and how it has grown by leaps and bounds in less than a year. Considering the demographics of our country and the deep-rooted conventional educational culture, this blog seeks to look at the key challenges and opportunities for the EdTech sector.
Continue Reading Indian EdTech beyond the first phase: A booster shot for long term growth

Indian Edtech in 2020: The Effective First Shot

The outbreak of Covid-19 brought an unprecedented opportunity for the educational technology (“EdTech”) sector in India. The traditional face-to-face interaction between a teacher and students suffered a setback and almost instantaneously, there was a paradigm shift to the unconventional mode of online learning. This change brought the spotlight on EdTech industry following which it received the requisite financial and policy impetus to thrive through the financial year (FY) 2020-2021. A massive inflow of investments, acquisitions and emergence of new start-ups in the previous fiscal bear testimony to EdTech sector’s meteoric growth.
Continue Reading Indian Edtech in 2020: The Effective First Shot

Introduction

The EdTech sector is seeing significant investments and expenditure by governments, schools, universities, students and professionals globally. By 2030, it is expected that global EdTech expenditure will grow to USD 10 trillion[1]. The growing popularity of online learning, further necessitated due to the nationwide lockdown, has provided a major push to the sector in India, which is expected to grow at a CAGR of 52% to become a USD 2 billion industry by 2021[2]. The key growth drivers propelling EdTech in India are the ability to serve a large audience at significantly lower costs compared to traditional in-classroom learning, significant growth in internet and smartphone penetration across India, steady rise in disposable income of the Indian households, and a large consumer base with over 37% of India’s around 1.35 billion population falling in the 5-24 age bracket.


Continue Reading Covid-19 – A booster for the EdTech Industry in India