market research agencies in mumbai
14 Jan 2021

Edtech in 2020-21 : Surge in Funding, Mergers and Acquisitions

Indian edtech market saw investments up by 300 per cent in 2020 on the back of the pandemic and the following lockdown. The segment had secured $2.22 billion funding in 2020 up from just $553 million in 2019, according to report by the Indian Private Equity and Venture Capital Association and PGA Labs. The education market, as a whole, was worth $117 billion in India with around 360 million ‘learners’ with primary education comprising 66 per cent of the spend followed by 27 per cent coming from secondary education.

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