Is Edtech Finally Poised To Break Into Mainstream Education?
PCQuest|October 2020
COVID-19 crisis caused a watershed moment for EdTech solution providers in India, who have been focusing predominantly on supplementary education and upskilling only. A series of unprecedented and hastened digital experiments on public education systems have widened the scope of EdTech further to break into mainstream education
Soma Tah
Is Edtech Finally Poised To Break Into Mainstream Education?

COVID-19 emerged as a dominant force in the digitalization across all the sectors, but the speed of the shift was quite unprecedented and all-encompassing in the public education system. Although India was not entirely uninitiated to the concept of technology-aided education or learning, the spotlight on the EdTech platforms just grew brighter when educational institutions were forced to switch to online modes of education amidst the pandemic crisis.

India: A prominent EdTech hub

EdTech platforms in India have played a significant role in bridging the learning gaps and workforce skills gaps by making supplementary education (K12) and technical education (post-K12) more accessible. Over the past couple of years, the growing popularity of online education has offset the growth in the offline coaching space.

India has also emerged as a prominent EdTech hub in the world. If we look at the global EdTech phenomenon in respect of some key parameters like VC Funding, the number of startups, unicorns, M&A, etc., it is dominated by only a few countries such as United States (Highest number of EdTech enterprises), Sweden (The highest proportion of EdTech companies securing funding), China (Highest venture capital investment from 2014-18). India has also been riding the EdTech wave, as it has the second-highest number of EdTech startups and the Indian EdTech platform Byju’s with a valuation of over $10bn also comes out on top when compared with other EdTech unicorns list.

The COVID-19 crisis has fast-tracked things further and created a tipping point for the global EdTech phenomenon including India especially, as India is also home to one of the world’s largest base of school-going students.

EdTech in India stands at a tipping point

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