The State of EdTech in India 2023
Profitability, Policy and Practicality
Through 2020, 2021 and parts of 2022 we produced newsletters and Masterclasses that analysed the state of affairs for the world of EdTech in India and globally. We looked at NEP 2020 and its implications, we studied cohort-based courses and the rise of outcome-driven learning and we saw the idea of ‘community’ rise as an important product in the business of education.
Here’s a compendium, of all that we wrote on this -
All about edtech
I. Utkarsh’s World Economic Forum article It is easy to see how one might have to spend several years learning and unlearning in order to build a viable portfolio of careers. But if higher education institutions aren’t doing their job in teaching us, what are our alternatives?
In today’s newsletter we look at the state of play in 2023. In the last three years the world of EdTech has lived through a lifetime. It’s seen massive wins and rock bottoms, and is now heading towards a middle ground of operations.
For context, the Indian EdTech space saw a 48 percent dip in funding from 1 January to 7 August 2023 compared to the corresponding period in the previous year. The total funding this year for the period stood at $971 million as against $1.87 billion for the period last year as per the report. The number of funding rounds also experienced a drop of 77 percent and 82 percent compared to the same period in 2022 and 2021 respectively.