Indian edtech sector shows recovery signs after prolonged downturn

Quick Summary:

Funding in the sector has increased by 153 per cent year-on-year (Y-o-Y), reaching $608.

Several large edtech firms, including Unacademy, Byju’s, and Vedantu, which secured substantial funding during the pandemic, have struggled to scale in its aftermath.

Last month, Lightspeed also invested in Bhanzu, a math-focused edtech platform that raised $16.5 million in Series-B funding.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Funding EdTech Startups

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-02 @ 19:39:27 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 875 words

Reading Time: 5 minutes read

Sentences: 6 lines

Sentence Length: 146 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24042679

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