Stakeholders see plenty of room for growth as they start catering to different income groups
During the covid-19 led nationwide lockdown, edtech companies saw their long-term business goals achieved within six months. Going forward, industry stakeholders see opportunities for more sustainable and mature solutions, as they start catering to different income groups and specialized learning needs, said experts at Mint’s Pivot or Perish webinar on edtech on Thursday.
Venture investment company Omidyar Network witnessed significant growth in its edtech portfolio firms during covid, even as it had to change its own portfolio management models. Omidyar has investments in the after-school learning space through Vedantu, Doubtnut and WhiteHat Jr.
“We saw our targets for mid-2021 being achieved already. The after-school space was already gaining momentum and has picked up. The big change has been in technology adoption across schools and colleges where significant adoption has happened. That throws up a lot of new opportunities in the B2C and B2B space,” said Sarvesh Kanodia, principal, investments, Omidyar Network India.
Source: livemint
