Indian edtech startups received over $2.22 billion funding in 2020 as compared to $553 million in 2019 – Business News , Firstpost

The report states that the Indian subcontinent is without doubt one of the largest markets for training with 360 million learners in FY20.

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Indian edtech startups have seen a complete funding of $2.22 billion in 2020 as compared to $553 million in 2019, in accordance to Indian Private Equity and Venture Capital Association (IVCA) and PGA Labs information. The IVCA report ‘The Great Un-Lockdown: Indian Edtech’ launched on 16 December acknowledged that 92 gamers received funding in 2020, out of which 61 gamers received seed funding.

Byju’s and Unacademy have raised essentially the most capital, $2.32 billion and $354 million, respectively, in 2020, whereas B2B edtech received a complete funding of $31 million in 2017-2020.

(Also Read: Bengaluru-Based Unacademy Raises New Funds From Tiger Global Management And Dragoneer Investment Group)

The report estimates that training is a $117 billion market in India with round 360 million learners in 2019-20. The report additional stated round $49 billion is spent on faculty training, 66 % of which is spent on main training and 27 % on secondary training. Around $42 billion is spent on supplementary training, which primarily includes personal teaching and check preparation.

According to the report, the training market is predicted to develop 2 occasions to $225 billion by FY25 at a CAGR (Compound Annual Growth Rate) of 14 % over FY20-25.

The training sector has received rising consideration from the federal government with budgetary allocation rising from $11.3 billion in 2018-19 to $13.2 billion in 2020-21. The report states that India is without doubt one of the largest markets for training with 360 million learners in FY20 and is dwelling to a number of the largest edtech firms with a world marquee investor base.

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