Edtech startups go hybrid
If 2020 was the year of edtech, now is the time for its reckoning, especially as the pandemic recedes and offline educational institutes reopen. The likes of BYJU’S, Unacademy, and others are already looking at a hybrid model.
The nationwide lockdown in March 2020 led to edtech’s stellar rise—in startups as well as users. That year, edtech startups in India raised a record $2.2 billion, with the momentum spilling over to 2021 as well.
However, with offline education institutions reopening once again, online-first edtech startups are reinventing themselves by moving to a hybrid model.
Last year,launched 37 offline centres across Tier I and II cities to cater to students from Classes 4 to 10. This year, the edtech giant plans to launch 500 more across 200 cities.
Unacademy too launchedCentres to offer offline classes for competitive exams, as well as foundation courses for high school students. In fact, even Vedantu is allegedly moving to a hybrid model.
What does it mean for edtech and the education sector as a whole? Read more.
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News & Updates
- Delhi-founded and Atlanta-headquartered robotic fulfillment and inventory optimisation startup $110 million in a growth funding round led by Peter Thiel-backed Mithril Capital Management. has raised
- User engagement and retention cloud startup CleverTap has acquired San Francisco-based Leanplum, a multi-channel customer engagement platform, for an undisclosed value.
- San Francisco headquartered $30 million in India over the next two years, making it the startup’s research and development (R&D) hub. has said it will invest
- Union Minister of Science and Technology Dr Jitendra Singh has called ISRO's decision to open its services and partnerships to the private sector a success, with 55 registered startup proposals being approved in the last two years.
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“I think that the growth opportunity that India will provide is nowhere else in the world.”