As per an education survey conducted by HSBC in 2016, education is the ultimate goal of 51% parents for their children in India. Given the fact, It is not very astonishing that EdTech start-ups are flourishing currently. Let’s take a look at some of them.
Founded in the year 2008 by Mr. Byju Raveendran, BYJU’s: The learning app aims to offer training for preparation of different entrance and competitive examinations like CAT, JEE, IAS, GRE, and GMAT. It reached a high of over 5.5 million downloads with over 2.5 lakhs paid subscribers. It raised $50 million from The Chan Zuckerberg initiative (CZI) and Sequoia Capital along with other investors in 2016.
Launched in the year 2009 by Mr. Pavan Chauhan, Meritnation: School made easy is known for making school studies easy for students up to class XII. With over 95 lakhs happy users, it has been successful in gaining 5 million downloads on play store since its inception. It has also raised roughly around INR 96.5 crore from different sources.
Founded by the husband-wife duo of Nishant Patni and Pranshu Bhandari, CultureAlley – Language Learning is a website to help those struggling with languages. With its roots in Jaipur, it is an online educational platform to learn languages. Within a few months of inception, it gained the trust of more than 5, 00,000 learners from all over the world. It raised $6.15 million from Tiger Global Management in 2016.