Indian edtech startups have seen a total investment of $2.22 billion in 2020 as compared to $553 million in 2019, according to Indian Private Equity and Venture Capital Association (IVCA) and PGA Labs data. The IVCA report ‘The Great Un-Lockdown: Indian Edtech’ released on Thursday stated that 92 players received funding in 2020, out of which 61 players received seed funding. Byju’s and Unacademy have raised the most capital, $2.32 billion and $354 mllion, respectively, in 2020, while B2B edtech received a total funding of $31 million in 2017-2020. The report estimates that education is a $117 billion market in India with around 360 million learners in 2019-20. The report further said around $49 billion is spent on school education, 66% of which is spent on primary education and 27% on secondary education. Around $42 billion is spent on supplementary education, which primarily comprises private coaching and test preparation.
Indian edtechs received over $2.2b funding in 2020, shows PE-VC Association report
Photographer: Simon Dawson/Bloomberg Premium
Indian edtech startups have seen a total investment of $2.22 billion in 2020 as compared to $553 million in 2019, according to Indian Private Equity and Venture Capital Association (IVCA) and PGA Labs data.
Continue reading this story with a subscription to DealStreetAsia.
Contact us for corporate subscriptions at subs@dealstreetasia.com.
Sign up for our newsletter - The Daily Brief Opt out of receiving The Daily Brief in your inbox everyday
REGISTER stories left placeholder You have one free story left this month. You have stories left placeholder free stories left this month.
Indian edtech startups received over $2.22 billion funding in 2020: Report
India’s sole edtech unicorn, Byju’s, hogs the lion’s share with $1.27 billion in total funding but there’s paltry funding for a broader range of edtech startups. bloomberg
(MINT PRINT)Premium
Byju s, Unacademy and Vedantu accounted for the highest share of funding in the last five year
Share Via
Read Full Story
Indian edtech startups have seen a total investment of $2.22 billion in 2020 as compared to $553 million in 2019, according to Indian Private Equity and Venture Capital Association (IVCA) and PGA Labs data. At least 92 players attracted funding in 2020, out of which 61 players received seed funding.
Edtech startups attracted over USD 2 22 billion funding in 2020: Report hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.
‘EdTech start-ups on a roll, raise funding of $2.2 b in 2020’
December 17, 2020
×
Indian EdTech has raised $4 billion in the last five years and, in calendar year 2020 alone, start-ups in the EdTech space received a total investment of $2.2 billion, a new joint report by Indian Private Equity and Venture Capital Association (IVCA), and PGA Labs, the market intelligence business of Praxis Global Alliance (PGA), revealed.
In 2019, EdTech start-ups raised investments of $553 million. As many as 92 players received funding in 2020, of which, 61 players received seed funding, the report showed. BYJU’s and Unacademy raised the most capital, $2.32 billion and $354 million, respectively, in 2020. B2B EdTech received total funding of $31 million in 2017-20.