2020 was the most horrifying year for the entire nation when the COVID – 19 Pandemic infected the entire population of the world. The Pandemic not only affected people’s health but also to a majority of businesses and jobs. Due to lockdown in India, schools and colleges were shut down in order to curb the spread of the virus. As a result, businesses such as logistics and food and beverages faced heavy losses as there were no sales from the institutions who contributed a majority of profit. However, in these presidented times only a few enjoyed huge profit in their sales and services. Edtech startups enjoyed a boom in their profits due to the pandemic. Where businesses were shifting to online platforms and still trying to adjust to the new normal, edtech businesses were enjoying their autonomy in the market.
With Edtech businesses booming in 2020, the industry enjoyed a valuation of USD 750 million as of 2020. It is expected to grow even further by 2025 to a massive USD 4 billion. This growth is expected to be achieved at a Compound Annual Growth Rate (CAGR) of 39.77%.
Let us look at some of the top Edtech startups in India which have revolutionized the education sector of the country:
Doubtnut: This startup was launched in the national capital of the country ‘Delhi’ with an aim to provide learning while removing the barrier of language by offering courses in multiple languages. The company aims to answer student’s queries in a very informative and precise way with the help of image recognition, NLP, and video based solutions for a better understanding. The company started monetizing the business in 2020, although the time period is considerably short , Doubtnut has enjoyed 10 times revenue growth till date.
Pesto : The company focuses on professionals who have experience of at least 2 years in software development. Pesto charges the course fee from the developer’s salary after the completion of the course. This type of model is known as Income Sharing Agreement. The company is now transiting towards international business and is currently operational in more than 25 states in the country.
Classplus : This startup originated in Delhi in 2018. The company focuses on revolutionizing the tutoring methods followed in the country. Classplus uses technology in a way that teaching becomes easier for the tutors. With the help of their apps and website, tutors can easily share messages, homeworks and also provide video lectures to the students. The tutor can also take online live lectures with the help of a virtual classroom. The company offers online payment via their app for the parents who can directly pay the tutor.
Masai School : The company is a Bengaluru based start up which aims to provide skilled training to beginner and advanced level software developers.Currently, Masai School provides two courses , one focusing on absolute beginners who are unfamiliar with the world of coding, the other course is for experienced developers who want to take their skill to the next level. The company currently follows an income sharing agreement model and has tripled its user base within a span of just 10 months. As of now , the startup has 450 students enrolled in the programs offered by them.
Skillmatics : This startup is Mumbai based which follows a D2C ( Direct to Customer) model. The company aims at the core learning of a child and believes that it is a very integral step for a child’s overall development. To enhance this, they provide interactive games and products which focus on the child’s deep understanding of concepts. Skillmatics is the first ever Indian brand to have its sales overseas in over 10,000 retail outlets. Till now, the company has made sales of more than 3 million toys and games across the globe.
The pandemic has given a broad platform to all the Edtech businesses to grow and take their businesses to great heights. The Edtech companies are giving a big impact in the education sector of India which is in the best way helping the students to have a deeper and better understanding of concepts while uplifting the virtual barrier. The country is giving rise to great and innovative Edtech startups which are changing the future face of the education sector. With this rapid growth in the education sector through Edtech startups, India is expected to become the Edtech capital of the world offering top services in the field of education in the era of new normal.
Author- Toshank Bhardwaj, AI Content Creator
