India’s online education sector has really taken off as the pandemic led to school closures and a big part of the 250 million school children switched to online learning.
Investors are attracted to the large number of startups and unicorns in EdTech.
It’s an industry that will be worth nearly $2 billion by next year and is producing unicorns such as Byjus and Skillmatics.
Even with this dramatic growth, online education is touching only a small fraction of the Indian education market, so the future is strong.
A further boost for EdTech is the new National Education Policy (NEP), which looked at addressing the challenges and extending the scope of right to education (RTE) to students aged 3-18 years, with a key recommendation to harness edtech through app-based learning, online student communities, and lesson delivery beyond ‘chalk and talk’.
According to estimates by DataLabs, there are a total of 4,450 edtech startups operating in India, spread across various segments such as test preparation, e-tutoring, online certification, skill development, online discovery, and STEAM kit and enterprise solutions.
Educational delivery will no longer be either fully online or offline but a hybrid blend of both worlds.
For countries like Australia, India has an appetite for almost all of the EdTech innovations coming through.