$1.19 billion: Funds raised from venture capital (VC) investors by India’s education technology companies this calendar year (till August) in 36 deals.
- The amount raised by the edtech sector in the eight months of 2020 is the highest ever, and thrice as much as the $373 million raised across 31 deals in the same period last year.
- The edtech companies’ business has got a major fillip this year in the wake of the coronavirus crisis, with lockdowns forcing the bulk of learning activities to move online.
- Of the funds raised by the edtech sector, more than 94 per cent ($1.12 billion) was raised in four deals by Byju’s Classes alone. Unacademy raised $150 million
- Among the VCs that have been most active in India’s edtech space since 2018 are Sequoia Capital, which has invested in 10 companies, Gray Matters Capital (5), Nexus Ventures Partners (5), and SAIF (5).
A few links for further reading
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