The Covid-19 pandemic has set of dwelling off a golden period for India’s ed-tech startups. However if contemporary traits are the rest scramble by, this celebration obtained’t final eternally.
In March 2020, when the Covid-19 outbreak started in India, the nation’s largest ed-tech platform Byju’s saw six million new college students be a a part of its classes. The next month, one other 7.5 million came on board. Byju’s rival Vedantu, which hosts dwell online classes for varsity childhood, clocked 75 million hours of enlighten material consumption in 2020 with 6.3 million college students all over the Okay-12 category and competitive tests prep accessing its topic materials.
The solid momentum helped several startups within the sphere entice contemporary investments, raising a entire of $2.22 billion(Rs220 crore) in 2020. Whereas Youtube channel-grew to vary into-startup Unacademy grew to vary into a unicorn, the momentum additionally led many new entrepreneurs to leap on the ed-tech bandwagon. Of the 92 ed-tech startups that got funding in 2020, a minimal of 61 were seed-level companies.
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