Indian edtech startups received over $2.22 billion funding in 2020 as compared to $553 million in 2019

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Education & Employability

Education and Employability

Indian edtech startups received over $2.22 billion funding in 2020 as compared to $553 million in 2019

22 Dec 2020

1 min read

Indian edtech startups have seen a total investment of $2.22 billion in 2020 as compared to $553 million in 2019, according to Indian Private Equity and Venture Capital Association (IVCA) and PGA Labs data. The IVCA report ‘The Great Un-Lockdown: Indian Edtech’ released on 16 December stated that 92 players received funding in 2020, out of which 61 players received seed funding.

Byju’s and Unacademy have raised the most capital, $2.32 billion and $354 million, respectively, in 2020, while B2B edtech received a total funding of $31 million in 2017-2020.

The full article was originally published on Firstpost

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