Massive growth in edtech to create fresh opportunities

The pandemic, Corona virus still led the world on partial lockdown, edtech companies saw their long-term business goals achieved within six months. Lucky, industry stakeholders finds opportunities for more sustainable and mature solutions, as they start catering to different income groups and specialized learning needs, said experts at Mint’s Pivot or Perish webinar on edtech on Thursday.

Venture investment company Omidyar Network India witnessed a major growth in the edtech portfolio firms during such a crises, even as it had to change its own portfolio management models. Omidyar has investments in the after-school learning space through Vedantu, Doubtnut and WhiteHat Jr.

Sarvesh Kanodia, principal, investments, Omidyar Network India marked they saw the targets for mid-2021 are already achieved. The after-school space was already gaining momentum and has picked up. Also, technology adoption across schools and colleges has happened which needs to be appreciated. This will throw up a lot of new opportunities in the B2C and B2B space.

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News source: LiveMint

Update by Arunima Tarafdar