A NASSCOM review found that 40% of Indian startups have either briefly closed down operations or are nearly closing down due to the Coronavirus pandemic. In any case, one sector has beaten the pattern and is developing more stronger than any time is the Education technology startups in India.
A Brief Scenario of The EdTech Scene in India
Over the most recent three months, EdTech ventures have accumulated USD 686.32 million out of 21 funding rounds, a checked improvement from 450 million of every 87 rounds in 2019, as indicated by examination firm, Tracxn.
Also, with the closure implemented by the Indian government to control the spread of coronavirus(COVID-19), the education framework in India is going through a change in perspective. A great part of the nation’s $180 billion education sector is going on the web to adjust to the new reality.
Ready to reach USD 1.96 billion by 2021, India has a current user base of around 9.6 million. This is a pattern that numerous EdTech venture capital firms are taking a gander at, as observed by the noteworthy investments in India’s area.
Byju’s, for example, declared free admittance to its learning application in 2020, and post the lockdown, this application has encountered a 60% flood in students utilizing its products. As per a Google-KPMG report, the eLearning market is expected to develop drastically in the following two years to around 10 million users.
Top 20 EdTech Startups in India That Have Changed the Education Industry
Here are some encouraging EdTech startups that are reshaping the Education Division of India.
1) BYJU’s– The Decacorn EdTech Startup in India
Started in 2015 by Byju Raveendran, Byju’s – The Learning App, is a learning application for students across age groups with programs in English and Hindi that make learning and understanding ideas simpler for school kids.
The platform principally centers around math and science, and the ideas are clarified utilizing 12-20 minute animated videos. With 35 million enrolled students and 2.4 million yearly paid memberships, Byju’s application is accessible on Google Play Store and Apple Application Store.
It is utilized by students consistently from more than 1,700 urban communities. The normal time a student spends on the application has expanded from 64 minutes to 71 minutes in the course of the most recent year. At present, the startup is the only Decacorn EdTech Startup and one of only a handful of barely any Indian organizations that have seen 100% development in three successive years. In FY19, it recorded an enormous 200 percent development.
In January 2020, Byju’s announced it had raised an undisclosed measure of funding from General Atlantic, a current investor in the organization. While Byju’s didn’t uncover the quantum of investment, sources said General Atlantic has siphoned in USD 200 million into the organization.
Directly before that, in late 2019, Tiger Worldwide imbued around USD 200 million in the startup, at a valuation of USD 8 billion, making it the third-most esteemed Indian unicorn.
Beforehand, it has raised funding from Chan-Zuckerberg Activity, Sequoia Capital India, Sofina, Verlinvest, Tencent, and Owl Ventures, among others.
2) Toppr- EdTech Startup in India
Mumbai-based company founded by Zishaan Hayath in 2013, Toppr offers its customized learning application for students from state boards or national boards, Olympiads, different engineering, business, and medical entrance tests. It gives students admittance to 24×7 eLearning, personalized coaching from experts across the country, and doubts.
After making a name in the online test planning space, Toppr likewise began concentrating on junior and senior grades (Classes 5 to 12), which structure the biggest piece of India’s student population. From only 40,000 pieces of materials in 2013 to 2,000,000 of learning material now, Toppr aims to reach 3,000,000 before the end of 2020.
Toppr has raised over USD 58 million in venture capital since 2015. Its latest funding was a Series C round in December 2018, when it raised USD 35 million driven by Kaizen PE, Alteria Capital, and Brand Capital. Its different investors incorporate SAIF Accomplices, Helion Ventures, and Eight Streets Ventures.
3) Unacademy– EdTech Startup in India
This Bengaluru-based startup started as a YouTube channel in 2010 by Heemash Singh, Sachin Gupta and Gaurav Munjal. In 2015, it was formally enrolled as an instructive technology platform when fellow benefactors Roman Saini and Hemesh Singh went ahead board. Until this point, it has raised $88.5 Mn. Unacademy has provided online lessons to more than 30,00,000 students.
They have tied up with some of the most experienced teachers. You will find over 2400 online courses where most of the courses are free. However, you might need to pay for certification. Unacademy aims to provide all the education in the world for free, and it has ventured into numerous sectors like Banking, CA, CAPF, UPSC, CLAT, CAT, JEE, Pre-Medical, and more. The video tutorials are available in different languages, and the students can follow tutors and get courses from them directly on their homepage.
4) UpGrad– EdTech Startup in India
A Mumbai-based startup, UpGrad was founded in 2015 by Ronnie Screwvala, Mayank Kumar, Phalgum Komapalli and Ravijot Chugh. The surprising fact is that the company has been funded by the founders themselves without any external funding. This Indian Edtech Startup has introduced a concept called upGrad basecamp wherein learners get a chance to engage in peer-to-peer learning through offline meetings. They also receive career support involving resume building, mock interviews, interview guarantees, and more.
UpGrad acquired Acadview Software in 2018, thus venturing into the college education scene. Before this, the startup had acquired Pyoopil Education Technologies, a mobile-based SaaS product to deploy online training in 2016. In 2019, upGrad acquired CohortPlus, India’s largest and most active community on Product Management and Data Science.
5) Vedantu – EdTech Startup in India
Founded by Vamsi Krishna, Pulkit Jain, and Anand Prakash in 2014, the Bengaluru-based edtech startup has a user base of 25 million users every month from 1,000+ cities and over 40+ countries access Vedantu’s free content, tests, materials, notes and videos on the platform and its channel on YouTube.
Edtech startup Vedantu has launched ‘Vedantu Superkids’ to equip early learners between 3 and 12 years with coding skills. It also has a project-driven coding program for students between the age groups of 6 and 12 years which focusses on learning, as well as developmental outcomes, including cognitive, sensory, and linguistic.
Using state-of-the-art technology, Vedantu handles sessions that are expedited by certified educators on Vedantu’s live online learning platform. Vedantu’s certified educators across domains help the child in his or her learning process, thus personalising the experience.
6) Myedubag– EdTech Startup in India
With online Education gradually turning into the most significant sector, K-12 homerooms are similarly picking up attention. To assist kids with making the most out of it, mother-son duo Anuradha Pradhan and Abhinav Pradhan began Myedubag in 2015. The EdTech platform centers around giving students a coordinated one-stop solution in the K-12 section (kindergarten to Class 12).
The Delhi-based startup gives scholarly and non-scholastic education material as general media and text content. It likewise sells reading material and gives complimentary guidance to students, guardians, and instructors.
A bootstrapped association, Myedubag at first, was just an online platform to sell textbooks. Its internet business model was in testing mode until 2018. Today, the startup doesn’t hesitate to raise reserves.
Right now, it has up to 400 students on its foundation. Myedubag likewise assists guardians with paying school charges on the web. While books are sold at limited costs, e-learning is given on a membership premise at costs extending between Rs 500 and Rs 5,000 every year.
Myedubag likewise gives language learning content to non-scholarly users. The content is conceptualized by academicians and experts from IITs, IIMs, and educators from different schools. The platform additionally offers an establishment course for IIT-JEE applicants.
7) Gradeup– EdTech Startup in India
Begun in 2015 by Shobhit Bhatnagar, Sanjeev Kumar, and Vibhu Bhushan, Gradeup helps more than 18 million aspirants get ready successfully for competitive exams like JEE, NEET, Door, IBPS, SSC, TET, UPSC, among others.
Gradeup’s primary contribution is Gradeup Classroom, which gives live courses from resources across India. The program also draws in students through live classes, intuitive tests, mock tests, and 24×7 mentorship.
The exam preparation platform, Gradeup, had got USD 7 million in Series A funding from Times Web. This is the second pledge drive for Gradeup in 2019, which has now brought USD 10 million up in all out. As indicated by Gradeup, they anticipate that the user base will reach 60,000 students before the end of 2020 and cross 150,000 before the end of 2021.
8) Doubtnut- EdTech Startup in India
A Gurugram- Based EdTech Startup founded by Aditya Shankar, Tanushree Gupta, Doubtnut, serves K12, IIT JEE, NEET students. Doubtnut is a multilingual web-based learning platform that utilizes artificial intelligence and ML advances for exclusive AI calculations to give video-based solutions to students’ questions.
Students essentially snap a photograph of doubt, and the Doubtnut application presents a video within 10 seconds. The application can peruse inquiries in 11 Indian languages, just as English. The organization has more than 13 Mn month to month dynamic users over a few platforms (web, app, YouTube, and WhatsApp).
9) Meritnation– Indian EdTech Startup
Meritnation is an online Education startup situated in Delhi, which was established by Pavan Chauhan in 2008. It has become one of the most valuable sites for online training. They give students learning content for classes first to twelfth – CBSE, ICSE, and state boards.
Meritnation gives its users study material, tests, capability tests, and Olympiad packs. It has a complete social community experience for Education, and the Meritnation app additionally tracks each student’s advancement and showcases customized proposals alongside systematic information reports to point out the strengths and weaknesses.
10) Next Education– Indian EdTech Startup
Next Education Is a Hyderabad-based learning site established by Beas Dev Ralhan in 2007 and centers its technology-based education firm with respect to K-12. It has driven products on its foundation like TeachNext, LearnNext, MathsLab, ScienceLab, and EnglishLab, which are utilized in more than 6,000 schools.
The examination material and products are intended to cover the prospectus and educational program of CBSE, ICSE, and 23 state boards in 8 significant Indian languages. Next, Education’s technology platform depends on Linux and is open-sourced. Other mechanical headways on the application incorporate 2D and 3D illustrations, intuitive content of global norms, voice-overs, intelligible sound, and a creative course plan that is effectively available through an inbuilt IR remote.
The organization has contributed over Rs. 400 crores and more than RS. 30 crores on Research and development alone.
11) Leverage Edu– Indian EdTech Startup
Leverage Edu began as a college admission platform and has now become a full-stack commercial center over the most recent one year. Akshay Chaturvedi established it in 2018 in New-Delhi. The platform utilizes an AI device to help students in their vocations through mentorship items, end to end school admission guide, etc.
This app is Best-rated industry experts and real-world experienced professionals to crack University Admissions, get the right Career Advice, help Settle Abroad, upgrade Job, and more. The application has over 1500+ tutors from Ivy League Colleges.
12) NoPaperForms– Indian EdTech Startup
NoPaperForms is a Gurugram- based, SAAS enlistment automation solution startup which expects to change the admission cycle in the education foundations in India and abroad.
The platform helps Educational institutions to build their outreach abilities, upgrade enrollment endeavors, grow user assistance contributions, and improve final products. The whole admission process is 100% transparent. The organization has collaborated with more than 190 foundations and taken care of 350k+ questions. It has more than 1.2 million applications and has developed by around 500% in a year’s an ideal opportunity to 100 crores when it raised its Series B funding in December of 2018 from the current investors.
13) Quizizz– Indian EdTech Startup
Quizizz is an interactive teaching platform, founded by Ankit Gupta, Deepak Joy Cheenath in 2015 that permits its users to lead student-paced developmental appraisals in an intriguing way for students. The site can work on any program, PC, PC, tablet and cell phone.
The platform consolidates game-plan components and assists instructors with transforming students’ schoolwork and tests into self-guided games and give them instant feedback to assist them with learning for authority. Instructors utilize their own content and students can connect with them from any gadget. The startup’s point is to rouse each student and help them when they battle and need to improve. The organization has more than 10 million users and the arrangement was likewise very much received in US-based schools.
14) Camp K12– Indian EdTech Startup
Camp K12 gives enterprise and app improvement projects to class students during their excursions and ends of the week. They center around creating children to make them trend-setters rather than simply giving declarations. Anshul Baghi established CampK12 in 2010. The organization was begun as a Coding Bootcamp for kids. Till today, CampK12 has educated 50,000+ students from its origin.
15) Cuemath– Indian EdTech Startup
Founded by Manan Khurma, Cuemath is a Bengaluru-based startup offering a program that instructs math to kids. Their solitary spotlight is on math. They have around 3000 centers worldwide, and every session has just six students one after another. Cuemath doesn’t care for Math devices or Vedic math since they center around improving youngsters’ numerical ideas rather than only instructing them to compute quickly. Manan Khurma established it in 2013. The expenses go from Rs. 2500-Rs .3000, contingent on the area of the nation.
16) IndigoLearn– Indian EdTech Startup
IndigoLearn is a Hyderabad based and bookkeeping centered EdTech startup. This startup utilizes the most recent technology and animation methods to make bookkeeping simple and enjoyable to learn. IndigoLearn was established by Somayajula, Sathya Raghu Mokkapati Suraj Lakhotia, and Sarat Udumari in 2017.
17) Thinkerbell Labs– Indian EdTech Startup
Begun as a free exploration venture named “Project Mudra,” Thinkerbell Labs presently endeavoring to make a self-learning braille gadget. The gadget is named Annie, and anybody can get familiar with the braille language with this. This is an inventive item for India, and it will prompt endless advancements later on. This Bengaluru-based startup, Thinkerbell Labs was established by Sanskriti Dawle and Aman Srivastava.
18) MyCaptain – Indian EdTech Startup
Founded by Captain Mohammed Zeeshan in 2018, Bengaluru-based startup MyCaptain gives an approach to encounter different fields of intrigue and tests them all for students. More often, kids pick their way as indicated by the social practices or in the covetousness of huge amounts of money. They think this is their obsession and inevitably understands that it was only a phase. MyCaptain fills that gap of education and finding personal responsibility. Individuals can settle on a superior choice when they have encountered different professions.
19) Adda247 – Indian EdTech Startup
Adda 247 is India’s driving education-technology organization focussed on the government work test prep portion, which contains – Articles, job alerts, Tests, Recordings, digital books, e-Magazines, discussion groups and so forth. The application has been made utilizing the most recent and front line advancements with smooth UI and natural work processes.
This Organization has planned different applications like Bankersadda.com for bank job tests, SSCAdda.com, different central government occupations, TeachersAdda.co.in for different encouraging positions in government schools, Adda 247 Youtube Channel conveys recordings related to current affairs, govt work opportunities.
20) Subhe – Indian Edtech Startup
Subhe is an eLearning startup empowering India’s non-English users with job-oriented technical skills. At least 70 percent of India’s citizens who are not fluent in English do not have access to skilling and educational content in their vernacular language and the content is, more often than not, available only in English.
College friends and serial entrepreneurs, Vivek Rathore and Jagrit Gupta realized this acute problem in skilling in their previous venture, a successful digital marketing agency in Delhi.
From its genesis in 2018, Subhe has stressed the importance of learning through peers. Thus, in addition to AI-based guided learning and expert interactions, they have one of a kind guided peer to peer (students) group discussions integrated into the curriculum.
Final Thoughts: EdTech Startups in India
This was a rundown of top EdTech startups in India. Even though the Indian education framework is as yet creating, despite everything, we need to manage the current framework. With Indian EdTech Startups taking off in a big way in the last few years, entrepreneurs today are more willing to experiment with their products.
This will further help students and young professionals to bridge the skill gap and leverage better career opportunities. Till now education in India has followed a standard course of action. But as the race to catch up with technology accelerates, it is critical to address the shortcomings. After all, there is an urgency for the workforce to continuously upskill themselves to stay updated. And Indian EdTech Startups are fulfilling the purpose.1