The Indian EdTech industry was valued at US$ 750 million in 2020 and is predicted to grow at a CAGR of 39.77 percent to US$ 4 billion by 2025. The need for non-academic courses from tier II and III cities, as well as the desire for personalization in the EdTech field, are driving this expansion. K–12 (Kindergarten to Class 12), after-school foundational, and pre-preparational courses will get US$ 1.5 billion of the expected market value of US$ 4 billion.

Key Trends

EdTech funding focused on start-ups In 2020, Indian EdTech startups raised more than $1.43 billion in 100 agreements. Both parents and educational institutions were obliged to deploy tech-enabled learning solutions as a result of the COVID-19 pandemic interruptions and subsequent lockdowns, making EdTech the most financed sector in the country. Byju’s received 57 percent of the entire financing, followed by Unacademy (10.5 percent) and Vedantu (9.5 percent).

Since 2020, four EdTech start-ups in India have become unicorns (Unacademy, UpGrad, Eruditus and Vedantu), while one has become a decacorn (Byju’s). A unicorn is a corporation worth more than $1 billion, whereas a decacorn is worth more than $10 billion.