Since 2014, startups in India have gotten an extra push from the government. New startups are founded on a daily basis.
Swiggy, Ola are some of the prominent ones. Similarily in the ed-tech category, Byju’s valuation is just a little shy of $2 billion. These startups have not only pushed up the economy but also has solved a lot of unemployment issues within the country.
As India is moving into its education phase, entrepreneurs have been working on their ed-tech startups. The government is completely supporting and the investors know the potential of the market. By the next year, India will emerge as the second-largest graduate pipeline in the world.
India at the moment has more than 30 startups with a valuation of more than $1 billion. Since 2014, ever since Modi’s government came into the picture, new 40,000 startups have been opened.
In all these new ventures, ed-tech has been the most promising one. India, at this moment, has more than 4,000 ed-tech startups.
Ed-tech startups to lead the future
Education has been known to transform the lives of the people, but these start-ups have tried to transform the education system in India. These ed-tech startups have been supplemented with Augmented Reality(AR), Virtual Reality (VR), STEM (Science, Technology, Engineering, and Mathematics) Lab and of course, blockchain technology. These changes have made dull conventional classrooms an interesting one for the students.
Reports suggest that 56 Indian startups have received over $700 million in funding by 2018. Thus, the startups have been booming, expanding and growing. With their contribution to the nation’s economy, these startups have created thousands of new jobs for people who aspire to be in the ed-tech sector.
As of 2019, new startups have emerged, funded and are working towards the education problem of India. With plummeting growth of the country for a major part of the year, thousands have lost their jobs. In such a market, these startups are the major opportunities, especially for newly graduated students.
