There’s no denying that the coronavirus pandemic has given study from home a dramatic face lift.
While once the term ‘Home-schooling’ dredged up images of painted wooden desks and makeshift boards in a tiny room, today home schooling has expanded its very universe and with it, the minds of millions of students how have been stuck at home due to the pandemic induced lockdowns.
It’s good business too. In fact, a recent report stated that India’s edtech sector has seen an investment of $ 2.1 billion in the calendar year 2020, compared to $1.7 billion in the entire previous decade. According to a recent report jointly penned by the Indian Private Equity and Venture Capital Association and PGA Labs, the education market in India is pegged at $117 billion with about 360 million learners, in FY20. The report also added that Indians spent $42 billion on supplementary education which primarily comprises private coaching and test preparation in the last fiscal.
What’s more the edtech industry is poised to reach $12 billion by 2025.