India has one of the biggest higher education systems globally and enrolls over 70 million students. Also, over the past 20 years the country has created an additional capacity for over 40 million students. Currently, the higher education sector spending amounts to over INR 46,200 crore and the sector is projected to witness an average annual growth of more than 18% to reach INR 232,500 crore by 2025.
India is the second largest market for e-learning behind only the United States (US), while having an internet penetration of just 16% (as compared to 84% in the US). The EdTech market is expected to reach USD 10.4 billion by 2025. Currently there are more 4,450 edtech startups in the country which are assisting approximately 300 million school students. The unicorns in the sector include Byju’s, Eruditus, Unacademy, PhysicsWallah, Lead, Upgrad, and Vedantu.
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Table of Contents
Companies Mentioned
- Byju’s
- Eruditus
- Lead
- PhysicsWallah
- Unacademy
- Upgrad
- Vedantu
