On the penultimate day of 2020, Unacademy, India’s second largest edtech unicorn, added a new company, NeoStencil, to its growing kitty of acquisitions. A government test-prep platform, NeoStencil was Unacademy’s sixth acquisition in the past 12 months.

The move bookended a breakout year for India’s edtech industry, which surged as educational institutes shuttered due to the Covid-19 pandemic. Edtech solutions, for the first time, went from being mere after-school remedial “supplements” to the main fare for over 285 million 285 million National Sample Survey, 75th Round Household Social Consumption of India Read more  students.

AUTHOR

Olina Banerji

Based in Delhi, Olina writes about mega-trends in urban mobility, education, skilling and the environment, with a focus on how institutions and innovations can help cities grow sustainably. She is a graduate of the London School of Economics, and has worked previously with India Today and global non-profit Ashoka.

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