Are you interested in knowing the Top 10 Edtech Companies in India? Yes, we are talking about the list of the popular and best Indian Education Startups. Let’s enter the gigantic world of innovative companies offering a plethora of educational platforms, learning apps, and other helpful tools that impart education.
With advancement in technology, the EdTech industry was at boom but suddenly COVID-19 came and it gave a further boost to this already expanding industry. While everything was shut instantly by the March lockdowns, the EdTech industry started growing multi-fold.
Many students as well as professionals being at their home shifted to online teachings and certification courses. Though schools and colleges also later adopted to online mode, the EdTech startups were already prepared and their services were consumed heavily in India.
With the current user base of around 10 million, the EdTech industry market size is expected to reach USD 2 Billion by the end of 2021.
What is an EdTech startup?
As the word itself suggests, it is a combination of “Education” and “Technology”. Thus, EdTech is enhancing learning by inculcating best IT software and applications.
So, to make classrooms more interactive and engaging with better personalised attention, today technology backed by IOT, Blockchain, and Machine Learning is used for recording lectures, making digital classrooms, assigning homework, and grading tests. And, what not!
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EdTech Companies in India: Importance
EdTech has improved the ways of both teachers as well as the students. Technology and Innovation have outperformed the traditional style of learning! And, you can’t deny that! After all, thanks to the online education system that students and educators could continue sharing knowledge even in the pandemic era.
For Students:
- More Collaboration with cloud-enabled tools
- Platforms available for use 24*7 hours
- Recorded lectures
- More personalised experience
- Made topics more interesting with graphics and technology.
For Teachers:
- Automated Grading
- Parents-Teacher-Student network
- Full Digital classrooms
- Accurate results displaying areas to improve.
Top EdTech Companies in India: Education Startups
Here’s a list of the trending Edtech Companies marking their strong presence across the country:
1. BYJU’s
Backed by Marquee investors like Sequoia Capital, Tencent, Chan-Zukerberg, etc, BYJU’s was started in 2015 by Mr. Byju Raveendran.
It focuses on school children and makes their courses and subjects easy to understand with the use of animation. It majorly focuses on Math and Science, and currently has 3.5 crore students registered for the courses.
It is the fastest growing Edtech startup promoted by the Superstar Shahrukh Khan (you might have seen the advertisement on your Television screens) with an average usage of more than 1 hour per student. The BYJU’s app is available on PlayStore as well as Apple Store.
2. Toppr
Founded in 2013, Toppr is a Mumbai based EdTech startup offering customised learning from different boards to different streams.
Toppr is more popular for its test series for different exams, but now after raising the funding in 2015, they have diversified to e-learning for classes 5 to 12.
It has 20 lakh learning material to offer, 24*7 hour support, and provides a great personalisation to the users.
3. Unacademy
Founded by Heemash Singh, Gaurav Munjal, and Sachin Gupta in 2010, Unacademy made its way to EdTech via YouTube channel.
Unacademy is popular for its certificate courses and is giving tough competition to companies like Coursera and Udemy in India with its cheap pricing. It also provides 2000+ free online courses where the certificate passed on to you after you make payment.
It has successfully served 30 lakh+ students for exams like Chartered Accountancy or CA, UPSC, CAT, JEE, CLAT, etc.
4. UpGrad
UpGrad is a Mumbai-based EdTech startup founded in the year 2015 and promoted by 4 founders: Mayank Kumar, Phalgum Komapalli, Ronnie Screwvala, and Ravijot Chugh.
UpGrad is debt free as it was funded by the promoters themselves. It not only provides online courses, but other services in demand like interview preparation, resume building, etc.
It is growing very fast and has entered other spaces by acquiring many other startups like Acadview Software, Pyoopil Education, and CohortPlus.
5. Vedantu
Vedantu is among the fastest growing EdTech Startups based in Bangalore. It was just founded 6 years before and currently has more than 30 million users across 1000 cities.
It also offers free content for promotion purposes and you can browse that on Youtube free of cost. It has taken a unique initiative to prepare students of age 3 to 12 for coding with a proper road map ahead. Parents are seeing value in their programs and making it a success.
It has certified teachers and with cutting edge technology, its videos make the learning process all the more easy.
6. Gradeup
Gradeup was founded by Sanjeev Kumar, Shobhit Bhatnagar, and Vibhu Bhushanin the year 2015 to assist candidates who prepare for competitive exams like NEET, JEE, IBPS, UPSC etc.
Live courses, diverse test series for all competitive exams, and great feedback and support system is its Unique Selling Proposition. The startup is expecting to expand its user base manifold by the end of year 2021.
7. Meritnation
Founded by Pavan Chauhan back in 2008, Meritnation is one of the early startups in the EdTech industry. It is a Delhi-based startup providing online classes to classes 1 to 12 across CBSE, ICSE, and other state boards.
Its packages, materials, tests, etc are designed in a great way from a low level to higher level making your preparation easy. Its systematic reports lets you know your level of preparation and areas of improvement.
8. Myedubag
Myedubag is a Delhi-based EdTech startup founded in 2015 by Anuradha Pradhan and Abhinav Pradhan targeting students till class 12 starting from the little Kindergarten children.
Started as an ecommerce platform for selling books, Myedubag has diversified its business to e-learning and language learning courses providing memberships starting from Rs 500 per year.
9. Doubtnut
Doubtnut is a Gurgaon-based EdTech startup serving online classes to Kindergarten to class 12, IIT aspirants, and NEET aspirants.
Its video based solutions use AI and ML algorithms so that what comes to students is perfect and customised. You can literally upload a photo of your doubt and can get it clarified by professional trainers.
10. Next Education
Founded by Beas Dev Ralhan in the year 2007, NextEducation is a Hyderabad based EdTech startup serving Kindergarten to class 12 students.
NextEducation has a huge network and tie-ups with schools and they really like its flagship products such as TeachNext, MathsLab, EnglishLab, LearnNext, and ScienceLab. Serving in 8 major Indian Languages, it covers CBSE, ICSE, and various state boards.
EdTech Companies in India: The Future
The EdTech industry has gone through a major transformation and it’s still evolving. With AI and ML, companies are trying to provide more customised, quick, and one-stop solutions.
Although we never thought that Indian Education System would advance so fast where schools and colleges were many a times reluctant to new and advanced technologies. However, this pandemic has taught institutions, mentors, as well as students a new way to teach and learn.
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It would be interesting to see the journey ahead of this online education industry. No doubt, EdTech being one of the fastest growing industries, there’s still a lot to see in the online educational space. What do you think? Will these top Edtech companies in India rise even higher looking at the demand for virtual classes? Feel free to discuss.