Almost every industry has seen massive transformations in recent years as a result of technological advancements and cheap access to internet services; education is no exception. Educational Technology, often known as EdTech or Edu-Tech, has revolutionized the way education is spread across the country in terms of how far, how deep, and how well it is disseminated. In this article, we have compiled a list of leading edtech startups in India.
India’s EdTech business is now the world’s second-largest, and it is just growing. During the epidemic, it is one of the sectors that has seen considerable growth. Schools and coaching sessions had to rely on technology to continue teaching during the lockdown.
These EdTech businesses are making it easier for students to study for challenging exams. Edtech businesses in India are changing the Indian education landscape with the goal of making education truly fascinating.
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Here are the Biggest Edtech startups of India,
Founders: Byju Raveendran, Divya Gokulnath
Value: $16.5 Billion
Byju’s is a Bangalore-based Indian multinational educational technology corporation. Byju’s: The Learning App was released in August 2015. Byju’s Math App for Kids and Byju’s Parent Connect App were both released in 2017. Byju’s is the world’s most valuable educational technology company, with a market capitalization of $16.5 billion as of June 2021.
12-20 minute computer animation videos are used to illustrate academic courses and concepts. Byju’s claims to have a total user base of 4 crores (40 million), 30 lakh (3 million) annual paying customers, and an annual retention rate of around 85%. Byju’s secured the sponsorship rights for the Indian cricket team shirt in July of this year.
Founders: Roman Saini, Gaurav Munjal and Hemesh Singh.
Value: $3.44 Billion
Unacademy is a Bangalore-based Indian educational technology company that began as a YouTube channel before becoming a full-fledged enterprise in 2015. The company has over 50,000 registered educators and provides study materials for a variety of professional and educational entrance tests.
Unacademy lessons are available in the form of Live Classes, which are both free and available on a subscription basis. Unacademy is a privately held firm that has raised money through a series of offers. The six-year-old firm is now valued at $3.44 billion, up from $2 billion in November of last year. Unacademy has raised around $860 million to date as a result of this investment.
Founders: Ashwin Damera
Value: $3.2 Billion
Eruditus, founded in 2010 by Chaitanya Kalipatnapu and Ashwin Damera, collaborates with universities throughout the world to provide six to eight-month executive-level courses to students in over 80 countries. Columbia, Harvard Business School, INSEAD, Tuck at Dartmouth, Wharton, UC Berkeley, and London Business School are among the universities with which it has partnered.
According to Damera, two-thirds of students change careers one year after completing their Eruditus program, and prior to the pandemic, someone starting a new profession after completing a full Eruditus program earned 33% more than he did in his former one.
Founders: Ronnie Screvala, Mayank Kumar, Phelgun Kompali and Ravijot Chugh
Value: $1.2 Billion
upGrad is an Indian online higher education company, founded in 2015. The company is the Government of India’s official education partner for the Startup India programme. Working people, college students, and corporations can enroll in online programs in IT, Data Science, Management, and Technology through the EdTech organization.
UpGrad competes with companies like Great Learning, Coursera, Udacity, and Emeritus for university students and working people. On the one hand, the organization collaborates with academic institutions, and on the other, it collaborates with prominent corporations.
Founder: Vamsi Krishna, Saurabh Saxena, Pulkit Jain and Anand Prakash.
Value: $1 Billion
Vedantu is an Indian online teaching company that uses a real-time virtual learning environment called WAVE to deliver instruction to students via the internet (Whiteboard Audio Video Environment). It is based on a marketplace model for teachers, in which students can explore, find, and select from a variety of online courses.
It mostly serves the Indian Certificate of Secondary Education (ICSE) and the Central Board of Secondary Education. Live online tutoring in Hindi, English, Sanskrit, Environmental Science and Social Science is currently the company’s major business. It also promises to offer exam preparation classes for the Joint Entrance Examination (JEE) Foundation, National Talent Search Examination (NTSE), National Eligibility Cumulative Entrance Test (NEET), and Problem Solving Assessment at the Indian Institute of Technology (PSA).
6. Mentor Monkey
Founder: Aamir Qutub
Mentor Monkey is the go-to social learning platform that is using technology to reshape the educational experience. Mentor Monkey was launched in 2020 and has been growing rapidly in the direction of online learning. Aamir Qutub, the Founder of Mentor Monkey and Enterprise Monkey, was named “Australian Young Business Leader of the Year” in 2016.
They believe in using technology to point students on the right path and providing them with actionable tools, suggestions, and tried-and-true approaches to assist them to navigate through difficult and uncertain times. Their focus is on mastering professional skills in order to assist students to build solid foundations.
Almost every industry has seen massive transformations in recent years as a result of technological advancements and cheap access to internet services; education is no exception. Educational Technology, often known as EdTech or Edu-Tech, has revolutionized the way education is spread across the country in terms of how far, how deep, and how well it is disseminated. Some of the leading edtech startups in India are mentioned above.
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