India has emerged to be among the top three countries in the world after China and the USA to get venture capital funding in the edtech sector
As online learning continues to gain prominence amidst the pandemic, India’s Edtech sector to become a $30 billion industry in the next 10 years on the backing of growing demand and strengthening business models, according to RBSA Advisor, a transaction advisory firm specialising in valuation, investment banking and transaction services. RBSA Advisors in its latest report, ‘Unleashing EdTech Potential in India’ estimates the current industry size between $2.75 – 3.00 billion.
According to the report, vigorous growth will drive the growth in the K-12 Edtech opportunity in user base, with Edtech users growing proportionately faster than the overall student base. Online education offerings for Classes 1 to 12 are projected to increase 6.3X by 2022 from the base of 2019, creating a $1.7 billion market, while the post-K12 market will grow 3.7X to touch $1.8 billion. This growth will be driven by K12, higher education, test preparation and upskilling categories.
Source: Financial Express
