Year in review: How was 2020 for edtech, ecommerce, online gaming, and more?
As the coronavirus outbreak shut schools, colleges, and other academic institutions globally, education was faced with its biggest crisis ever — the crisis of continuity. In India, approximately 260 million students, a majority of them in the K-12 segment, were affected by the lockdown.
As a result, migration to online platforms took place at a breakneck speed. Edtech startups also raised record funding in 2020. Here are the top trends that encapsulate edtech’s eventful year.
The Indian ecommerce industry had certain defining moments this year, especially with the advent of the COVID-19 pandemic that literally disrupted its entire operations. The year 2020 saw a lot of tectonic shifts for the industry, which has only enlarged the scope of this sector for 2021.
It’s been a busy year for healthcare, to put it mildly. The COVID-19 pandemic revealed the chinks in the system and accelerated digitisation in the sector, forcing people to shift online almost immediately. This not only pushed the boundaries for improvements in this sector but also gave rise to numerous innovations and changes in the ‘new normal’.
In 2020, India’s online gaming sector gained tremendously from the coronavirus lockdown, and continued to grow throughout the year. Even VCs stepped up investments in a traditionally under-financed sector, and launched gaming-focused funds.
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