Top 5 EdTech Companies Booming in India
As technology is evolving with each passing day and internet services are being so easy to access for all, remarkable transformations are happening everywhere, in all sectors, and education is no exception. And since this COVID-19 pandemic has hit us all, the education sector is witnessing a boosted development like never before.
It not only got the already-existing EdTech companies hyped but a spectrum of EdTech startups have emerged, rapidly. And according to this article by The Indian Express, a report by BARC India and Nielson has found that time-spent duration on education apps increased by 30% in the lockdown of 2020. And due to all of these, people around us somehow started to understand that education is not only limited to classrooms.
Here, we will be exploring the top 5 EdTech companies that are booming in India.
Personal learning programs are provided by Byju’s. With the help of fun learning, interaction, and their 3D learning classes, students score good marks in their academics. There, students get the opportunity to learn from highly experienced teachers in India, who help students upgrade their skills. They have their mobile application, which is user-friendly for students and suits them as well.
At the beginning of their journey, they started with Math and Science tutorial video for middle school students but now their target audience is diverse. For pre-school kids, they have courses under the banner of Byju’s Early, this was in collaboration with Disney. And collaborating with Aakash Institute, they provide preparatory materials for JEE and NEET.
Additionally, they provide IAS preparation programs as well. This is what makes Byju’s get on the top of the list.
Unacademy was started in 2010 as a YouTube channel and now is a popularly-known name in the education sector of India. Hemesh Singh is the founder of this Bangalore-based e-learning startup.
To date, 3 million students have benefited from Unacademy. It has the most skilled educators to teach the students, and there are more than 2400 courses available on the platform. It has courses of a variety of courses, such as CLAT, CAT, JEE, NEET, UPSC, Banking, CA, CAPF, etc.
Furthermore, their video tutorials can be availed in several languages and the tutors can also be followed by the students to get courses directly from them.
It is India’s 101st unicorn startup and like Unacademy, it was also a YouTube channel, which was created by Alakh Pandey, in 2014. But eventually and gradually, it turned out to be one of the unicorn startups, and to date, more than 6 million learners got benefited from the YouTube channel Physicswallah, which has 8 million+ subscribers and 1300+ videos. Today, there are more than 20 offline centers of Physicswallah in over 18 cities.
Being the largest online education platform in India, UpGrad aids thousands of students to achieve their career goals and it also helps them to become successful in their life.
Through the latest technology used by UpGrad, students get a captivating education experience. It offers a variety of course programs and has a partnership with numerous universities for the authority it holds.
#5. Toppr (acquired by Byju’s)
Students with the help of Toppr, prepare for numerous schools, exams, boards, and competitive exams. It offers practice tests, solutions, questions, concepts, and eminence videos.
Toppr covers more than 50 examinations including NEET, JEE, CA, AND Olympiads. Modules that are in this app provide a competitive edge to learners. Also, Toppr has its operating system for schools named School OS, which is used to conduct live classes, assignments, attendance, etc.
During the financial year 2020, this EdTech startup has witnessed exceptional growth in its operating revenues by 49.5%, from 56.4 crores in the financial year 2019 to 84.3 crores.
Interestingly enough, presently Toppr app gets 35 million active users, of which it takes pride.
So, as we are done with our discussion on the top five EdTech Companies that are booming in India, let us have some quick highlights of our findings and learning.
- Time-spent duration on education apps increased by 30% in the lockdown of 2020.
- In the past two years, many new EdTech platforms have emerged.
- The COVID-19 Pandemic has made the education sector witness exceptional development.
- EdTech companies that were already in the existence, too, got a huge hype due to this pandemic.
- People began to recognize education beyond the classrooms.
Read More: https://decisionmaker.in/top-10-edtech-companies-in-india-2022/