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February 15, 2021
The Covid-19 pandemic has set off a golden era for India’s ed-tech startups. But if current trends are anything go by, this party won’t last forever.
In March 2020, when the Covid-19 outbreak started in India, the country’s largest ed-tech platform Byju’s saw six million new students join its courses. The following month, another 7.5 million came on board. Byju’s rival Vedantu, which hosts live online classes for school kids, clocked 75 million hours of content consumption in 2020 with 6.3 million students across the K-12 category and competitive exams prep accessing its material.
The strong momentum helped several startups in the sector attract fresh investments, raising a total of $2.22 billion(Rs220 crore) in 2020. While Youtube channel-turned-startup Unacademy became a unicorn, the momentum also led many new entrepreneurs to jump on the ed-tech bandwagon. Of the 92 ed-tech startups that received funding in 2020, at least 61 were seed-level firms.