Consider this: In 2018, there were 3.25 lakh schools in India. Their number grew to 3.36 lakh in 2021-22. With over 580 million people in the age group of 5 to 24 years, and 25 million children born every year, the education market in India is set to grow in the next few years. India's Pre-school market is expected to grow by USD 7.35 Bn by 2028, at a CAGR of 11.2 percent during 2023-2028. Overall, India's education and skills market will double to USD 313 bn till 2030, according to Invest India. This is a massive opportunity for many edtech companies who have already ventured into it or are considering doing so.
"It is good for the industry. With edtech new approaches, pedagogy and innovation will also come. The industry needs a lot of investment to cater to the needs of students, only government and existing private players are not able to accommodate its need," says Dr. Ramanand Nand, Co-founder, Centre for Policy Research.
While Career Point, Triumphant Institute of Management Education Pvt. Ltd (TIME), and Allen Career Institute have already ventured into it, the latest in line to do so is Physics Wallah with its first PW Gurukulam School in Gurugram. Affiliated with the CBSE, it will cater to students from Play School to Class VIII, adhering to the curriculum framework outlined in the NEP 2020.
"The school will be a canvas for students to paint their futures with immersive and transformative learning. At PW Gurukulam, we aim to offer education that covers a wide spectrum and will enable them to choose from limitless possibilities rather than conventional career paths," Alakh Pandey, CEO & Founder, Physics Wallah said.
ACHIEVING SUCCESS
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
How To Ask Family For Money
Your friends-and-family fundraising round doesn't have to be scary and awkward. Here's advice from one of the world's leading investors.
Data Breach Drama: When Trust Turns Costly In A Digital Age
Amid data breaches surges, Indian businesses are prone to financial and reputational fallout. Can cyber insurance emerge as a safeguard?
THE TERRAIN TAMER
Spearheading a California-based, Series D SaaS company is no easy feat. It requires a blend of ownership, innovation, and the ability to handle stress. But Anand Jain, co-founder and chief product officer of Clever Tap, finds his calm by escaping to rough terrain whenever he gets the chance-be it India or Colombia.
THE INTELLIGENT READS
Hardika Shah founded Kinara Capital in 2011 with the mission to address the acute credit gap in the micro-small-medium-enterprises (MSME) sector in India, by providing fast and flexible business capital to small business entrepreneurs. Despite operating in highly competitive and tough market of collateral free loans, Kinara Capital has been steadily growing in Hardika's leadership. In conversation with Entrepreneur, Hardika shares insights on her favourite books.
THE CURSE OF GROWING TOO FAST
FAIRE is a platform for small businesses, but it grew big the wrong way-almost becoming a $12 billion wreck. Here's how it fixed the problem, and why you should think twice before skyrocketing.
There's No Perfect Answer
I worked the same job for 19 years. I hated it, but it paid the bills. Then, in 2017, I entertained an exciting but terrifying question: Could I be an entrepreneur? I wasn't sure, so I needed something that felt like a guarantee. I searched for signs that would feel like a big, clear \"yes!\"
Give Yourself the Gift of Time
Happy holidays! Emmy Award-winning tech expert Mario Armstrong has five recs to get more hours in the day.
How to Become a Main Street Millionaire
It started when I bought one little laundromat. Now I have a whole portfolio of small local businesses that bring in tens of millions in revenue a year. Here's why following my playbook could be your ticket to financial freedom-and saving America's local small businesses.
Want to Better Serve Your Clients? Become Them.
As a designer for brands, starting my own product company gave me a dose of humility-and it changed the way I relate to clients.
How to Succeed With Gen Z Workers
People often say that younger employees are different. But are they? We asked six business leaders what they've learned, and how their teams thrive.
