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Byjus rapid decline has put a big dampener on that excitement. Yet, online education is still a viable proposition in the worlds most-populous nation, though its the test-prep market that has real demand, not K-12 or coding.
India Business News: Discover how the Netflix model can potentially save India's online learning apps. Read about the success of Physics Wallah and its impact on the online test-prep business in India.
Online Learning Apps: Byju’s rapid decline has put a big dampener on that excitement. Yet, online education is still a viable proposition in the world’s most-populous nation, though it’s the test-prep market that has real demand, not K-12 or coding.
The funding winter for edutech is real — the shock from Byju’s collapse is still playing out. Players are looking to marry the scale of cloud computing with the classroom clout of charismatic, million-dollar tutors to create a winning hybrid. A coaching-centre heavyweight like Allen building digital muscle or an internet sensation like PhysicsWallah entering the brick-and-mortar world could work, provided companies don’t eplicate Byju’s hyper-aggressive sales machine or spend as lavishly as it did on unrelated acquisitions