Education and Employability
From byju’s to eruditus — india now has four edtech unicorns, thanks to a $4 billion fund flowing in since 2020
14 Aug 2021
1 min read
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.