The India edtech story has turned into an edge-of-the-seat thriller. It’s a sector that’s clearly beaten the pandemic odds, while other consumer internet businesses have struggled to stay afloat. National lockdowns that shuttered 1.3 million schools and 14,000 colleges have pushed students online. They’ve now become fair game for over 4,000 edtech startups in India.
The massive opportunity for growth hasn’t gone unnoticed. In the first quarter of the year, Indian edtechs raised over $700 million in venture funding, a 7X jump from the same period last year. Byju’s, India’s largest edtech company, led from the front with a $100 million investment $100 million investment Forbes Indian EdTech Billionaire’s Byju’s Becomes Decacorn After Funding Round From Mary Meeker Read more by US-based venture capital (VC) firm BOND Capital.