Harsh Rajan and Nirmla Sankaran founders of HeyMath – an E-Learning, online Maths coaching institute in Chennai.
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.
Pictured – Sundaram Business Services Chennai has a long relationship with Australia.
Indian firms like Sundaram Business Services in Chennai and Australia should be on your radar for tech innovation – A KPMG survey ranks India third among countries that show the most promise for tech innovation. India Global Business has reported on the results:
The Indian tech industry has always stood as a byword for resilience, agility and innovation – and a latest survey from KPMG has just confirmed that, ranking the country third among jurisdictions that show the most promise for developing disruptive global technologies.
In its annual Global Technology Industry Innovation Survey, KPMG ranked Bengaluru at eighth position among the top 10 cities.
More than 800 industry leaders were surveyed for the report which said 39 per cent believe global ‘hub’ cities such as London, Singapore, and Tel Aviv will continue to play a vital role, enabling talent to coalesce and collaborate in communities with a solid digital infrastructure.
Federica Saliola, joint director of the World Development Report, said: “The internet and digital technology are the new superhighways of trade. India, where most workers are employed in the informal sector and the participation of women in the labour force is low, has an opportunity to seize the opportunities that digital technology provides,” said. “Innovation is also a friend to entrepreneurs and India’s entrepreneurial spirit makes it an ideal incubator for start-ups to thrive,” he said.