India's ed-tech Sector Secured $2.1 Billion Funding in 2020
A research report reveals that the India’s ed-tech sector has witnessed an investment of $2.1 billion in the calendar year 2020 as compared to the previous decades which was $1.7 billion. Presently, the ed-tech industry is poised to reach $12 billion by 2025, says the Ed-tech sector thematic research report that covers the e-learning industry of Anand Rathi Advisors Limited (ARAL).
ARAL states, higher population of young workforce, rising urbanisation, socio-economic indicators, surging internet users and increasing amount of unemployment in the country are a few favourable factors which water the seeds of the rapidly evolving Ed-tech industry.
The report further reveals that the increasing investor interest in the segment for the last five years has put the wind in the sails of Indian Ed-tech industry.
"2020 has seen a higher amount of total investments of USD 2.1 billion in the sector compared to investment of USD 1.7 billion in last 10 years combined," says ARAL.
COVID-19 pandemic has helped move the Ed-tech industry forward.
"With lockdowns making offline education ineffective, adopting online modes to continue learning was the next step enabling e-learning to gain a foothold in the long term," it said.
The report also discusses the challenges faced by various stakeholders, the National Education Policy 2020 and other government initiatives that help the sector thrive.