Education Employability and Entrepreneurship
From Byju’s to Eruditus — India now has four edtech unicorns, thanks to a $4 billion fund flowing in since 2020
14 Aug 2021
Education technology or edtech was one of the least funded sectors in India until 2019, but the rise of remote learning during the COVID-ridden 2020 has given a new set of wings to this otherwise ignored segment.
From January 2020 to halfway through 2021, India has seen three startups turn unicorn and one into a decacorn. A unicorn — in a startup parlance — is a company valued at above $1 billion and a decacorn is a company valued above $10 billion.
A major reason for this series of edtech unicorns in India has been the greater interest of the investors in the segment. Indian edtech startups have raised about $4 billion since 2020, of which $2.2 billion was raised in 2020 and $1.9 billion was raised between January-August 3, 2021.