Edtech in India has grown phenomenally in the last couple of years, making India the edtech capital of the world. The private sector is playing a key role with the public sector acting as a facilitator. India’s education sector saw a boom in edtech funding during the pandemic. There are certainly some advantages of edtech over conventional learning that should be considered. It’s time to decide what the new ‘normal’ looks like for our education sector.
Edtech provides specially tailored classes and access to content at a pace students are comfortable with. Students receive personalized recommendations based on data on their previous learning patterns and performance. With edtech helping students prepare for competitive exams, industry reports found that the success rate went up to about 7% as compared to under 1% through the conventional classroom mass-teaching formats.
Edtech provides access to education on demand: students who were not compatible with the traditional school system’s rigid timetables can get access to quality education. This is especially important in low-income households, where children often help their parents with work or household chores during the day when schools usually hold classes. It also solves the problem of students from such homes not being able to afford a high-quality conventional education, by bridging gaps in teacher availability. The cost-effectiveness of edtech allows students to overcome the paywall between them and premium educators, and the virtual nature of this learning erases geographical constraints.
Going global: There are over 4,450 edtech startups in India that are assisting over 300 million school students. Of these, 40 million are students pursuing higher education whose studies were disrupted by covid. This brought edtech, which uses IT tools for inclusive, engaging and personalized learning, to the fore. India’s edtech industry could slowly bridge the education-quality gap between the rich and the poor, giving Indians from all backgrounds more equitable chances of success. India’s edtech boom also stems from facts like the prevalence of enthusiastic entrepreneurs adopting a multicultural approach to suit the needs of a diverse country, developing innovative products and approaches, and with access to a huge pool of skilled educators. Learners abroad are enrolling with Indian edtech firms not just for affordability but also because they deliver world-class content.
Israel EdTech 50 is focused on identifying young, fast growing and innovative learning and up-skilling start-ups working in the region. To be eligible, startups must be less than 10 years old, are either headquartered in the region, or predominately focused on this market (e.g. > 80% revenue/customers, and are pre-exit (not acquired or listed) or not a subsidiary of a larger company or controlled by an investor group (e.g. via private equity buyout or controlling investment). Learn more about eligibility for the Israel EdTech 50.
Interested to know more on EdTech Solutions offered by Israel Companies.
Contact: Ms. Kavitha S, Trade Officer, Trade and Economic Mission in Bangalore. @firstname.lastname@example.org
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