The quality of manpower is a significant resource for large populous countries such as India, which depend on them for their rapid economic growth. Realizing the potential and opportunities in the education sector, the start-up space in this segment has seen much action off late. Almost one third of these companies have yearly revenue in the range of Rs.5 lakh to Rs.1 crore and one fourth of these companies have revenue of more than Rs.1 crore per year. Investment communities are also very enthusiastic about EdTech start-ups. According to VCCEdge, the education sector has seen the rise of investment in recent years. In 2010, the total investment in EdTech was valued at $187M for 27 companies which rose to $248M for 48 companies in 2014 and in 2015, the 51 deals were signed in EdTech investment valued at $155M.
Continue at : LiveMint
This article of mine was published in Live Mint newspaper. Please follow the link to read the complete article. I couldn’t post the whole article here without proper permission.
October 19, 2016