Education is irreplaceable, even though many people underestimate its value these days due to the “dropout” label. Instead of just acquiring a degree, people should update their talents.
Schools and universities are vital, but so are the skills that they do not teach us. India’s premier edtech startups are transforming the country’s educational landscape. They’re changing the way people learn. And this helps to ensure that Indian children and youth have a bright future.
India has a persistently unbalanced pupil-to-teacher ratio, which jeopardizes pupils’ learning opportunities in schools. Technology-driven learning apps are leveraging gaming features like point-scoring, interaction with others, personalization, and data-driven insights to enhance the learning process for students and refine their fundamentals in many disciplines to counteract this skewness. These apps are well-known for their services to help students perform better in class.
In India, edtech startups are becoming a key business sector. The Indian education sector was valued at $91.7 billion in FY18 and is predicted to grow to $101.1 billion in FY19, with the edtech market expected to grow to $4 billion by 2025. Here is the list of the top 9 edtech startups in India:
According to the company, 93 percent of parents noticed a significant improvement in their child’s grades after using the Byju’s app. Byju’s has 15 million registered users, 900,000 of whom have paid annual subscriptions, with an 85 percent renewal rate. According to the firm, the average app engagement rate is 53 minutes per day.
Byju’s is a Bangalore-based edtech business created by Byju Raveendran in 2011. It currently has $5.4 billion in total equity. BYJU’S has also received numerous accolades, including the CRISIL Emerging India Award and the Deloitte Technology Fast 50 Award. It’s available for both Android and iOS.
Hemaash Singh started Unacademy as a YouTube channel in 2010, and it has since grown to become a household name in India’s education technology sector. It is a well-known e-learning startup and one of Bangalore’s leading edtech firms.
To date, Unacademy has taught more than 30,00,000 (3 million) students. It has partnered with some of the most knowledgeable teachers to provide tutoring to its pupils. There are approximately 2400 online courses available. The majority of the courses on this platform are free; however, certifications may need payment.
The purpose of Unacademy is to provide free education. It has also dabbled in a variety of industries, including banking, CA, CAPF, UPSC, CLAT, CAT, JEE, pre-medical, and others. Students can follow teachers to get direct courses from them, and the video tutorials are available in a variety of languages. Unacademy’s business plan is mostly focused on the platform’s plus subscription function.
Unacademy is a Bangalore-based edtech startup that acts as an online learning marketplace for courses. Heemash Singh, Sachin Gupta, and Gaurav Munjal founded it. In 2015, the YouTube channel was converted to an online learning platform. Unacademy’s YouTube channel still has a lot of videos.
The largest online CAT preparation community in India is iQuanta. Mr. Indrajeet Singh, the founder, and CEO of iQuanta is one of India’s top five young entrepreneurs. He was dubbed the “Wizard of Quants” for his ingenious shortcuts and unusual ways. iQuanta’s mission is to make high-quality education and its unique pedagogy affordable to anyone interested in taking competitive tests. iQuanta is a start-up Edtech firm.
iQuanta was founded in 2017 and has since grown to a community of 3.5 lakh+ aspirants from over the world, with 10,521+ IIM calls and 1000+ IIM converts in just 5 years.
TrainerCentral is a Zoho app that seeks to revolutionize how people educate online. This all-in-one online training platform gives solopreneurs, edupreneurs, and anybody else who wants to share their knowledge with learners all over the world the tools they need.
With extensive integration features, the platform provides tools to enable teachers to construct a fully prepared online training business. Trainers may use one unified platform to construct their own website, add content, develop course curriculum, host live classes, manage learner communications, and certifications, collect learner fees, and much more.
TrainerCentral aims to reduce inefficiencies created by fragmented products as well as the technical challenges of launching an online training firm. The built-in live classroom feature, which includes chat and payment gateway integration options, benefits both instructors and students. TrainerCentral is a hit with online trainers all across the world, as seen by its 30 percent month-to-month growth. TrainerCentral offers a free 15-day trial to let you get to know the platform.
UpGrad is an edtech portal that offers higher education courses online. It offers a fully immersive learning experience by utilizing cutting-edge technology to power well-designed courses. Ronnie Screwvala, Mayank Kumar, Phalgum Komapalli, and Ravijot Chugh created UpGrad in 2015.
Next Education is a Hyderabad-based learning website that caters to K-12 children through technology-based education solutions. It was created in 2007 by Beas Dev Ralhan and Raveendranath Kamath.
TeachNext, LearnNext, MathsLab, ScienceLab, and EnglishLab are just a few of the top products available on Next Education’s platform. More than 6,000 schools across the country use these items.
The study materials and products are written in 8 major Indian languages and cover the CBSE, ICSE, and 23 state boards’ syllabuses. The technology platform used by Next Education is built on Linux and open-source resources.
2D and 3D visuals, interactive content that meets international standards, voice-overs, clear sound, and a unique course design that is conveniently accessible via an included IR remote are among the other technological advancements on the app. The corporation has spent over Rs. 400 crores on R&D alone, as well as more than Rs. 30 crores on marketing.
In less than a year, Leverage Edu has evolved from a college admissions portal to a full-stack marketplace. Akshay Chaturvedi and Aman Arora established Leverage Edu in 2018.
Through mentorship products, end-to-end college entrance counseling, programmes to help students become first-job ready, and one-to-one virtual advisory for numerous career streams, the platform employs an AI tool to assist students in their careers.
The app features over 1500 mentors, including people from Ivy League universities and companies like Apple and Goldman Sachs. “The platform is in the process of executing an inspiring product plan,” the creator was reported as saying. “We will continue to aggressively scale and bring aboard amazing talent, invest in consistently bettering our experience, and do more of what we are strong at!”
NoPaperForms is a SaaS-based enrollment automation service firm to revolutionizes the admission process in Indian and international educational institutions.
The platform enables institutions to improve their outreach skills, recruitment efforts, customer service offers, and overall outcomes. The whole thing is completely transparent.
NoPaperForms claims to have worked with over 190 universities and processed over 350k queries. It has got more than 1.2 million applications and has risen to over Rs 100 crores in a year. After raising Series B funding in December 2018, NoPaperForms was able to achieve this valuation.
Quizizz is an interactive teaching tool that enables teachers to create interesting student-paced formative evaluations for students of all ages. Any browser, PC, laptop, tablet, or smartphone can access the website.
Teachers can use the platform to turn their students’ assignments and assessments into self-paced games by combining game design components. Then there’s the option of receiving immediate feedback. Teachers can build their own quizzes or choose from millions of quizzes provided by other educators.
Quizizz’s goal is to motivate students and assist them in their development. Quizizz has over ten million users, and its solution is widely used in schools in the United States.
This brings the list of India’s top 9 edtech companies to a close. Although India’s education system is undergoing a seismic transition, Indians continue to face outmoded teaching methods and ineffective learning strategies. In addition, the system encourages unhealthy competitiveness among students. Edtech startups are slowly but steadily altering everything for the better.