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Upskilling and higher education platforms secured close to $750 million across 116 deals in 2022, K-12 and test prep platforms, on the other hand, nearly halved to $1.7 billion in 2022 from over $3 billion in 2021.
Not many know that Jatin Paranjpe once even pipped Sachin by winning the Bombay Cricket Association’s Junior Cricketer of the Year award. He was one of the leading child prodigies in Indian cricket in the 1990s.
While upskilling edtechs continue to attract some interest, investors appear to be cautious on the K-12 edtech sector
Revenue rose to $400 million (around Rs 3,280 crore as per current exchange rates) in 2022-23 from $245 million the previous year, said Ashwin Damera. Eruditus follows a July-June fiscal year.
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