How Entrepreneurs contributing to “The New Era of Education Sector”
From Nalanda and Takshashila to IIMs and IITs, India has seen a prodigious change in the education system. India achieved the 74.04% literacy rate with Kerala securing top position by scoring 93.91%. There are many milestones in this journey and many more to come.
We have seen immense development in our education system from studying in Madrasa and government school to Computer Classes to Digital Classes to Industrial visits and practical on-site experience. Innovation and new technologies kept advancing our education system. Even during this time of COVID-19 people are coming up with the Idea of Online classes and also using AI Technology. We have online classes for almost everything be it, school classes, coaching for competitive exams, learning foreign languages, dance class, and much more.
There are plenty of Entrepreneurs working in this sector and have given massive contributions. Some of them are:
- Unacademy: one of the largest education platforms in India, onboarded some of the top educators in the country. It was co-founded by Roman Saini, Gaurav Munjal and Hemesh Singh, focuses on preparing students for competitive exams. In Feb, 2020 it raised $110Mn. It has more than 90,000 active users with around 10,000+ educators giving online tutorials.
- Byju’s: With a funding of $785Mn in 2019, This Edtech platform is one of the known startups in India. It was started by Byju Raveendran in August 2015. This app provides personalized learning programs for individual students.
- CollegeDekho: founded by Ruchir Arora, it maintains a website where students can search for the right career choice by choosing the right college. Recently it raised $8Mn in Series B round of funding. Each month it observes more than 5Mn sessions from students.
- Dost Education: In 2019, it was awarded for empowering parents to take charge of their child’s early education. It delivers a pre-recorded audio curriculum to parents of any literacy level majorly targeting low-income groups. It was founded by Sindhuja Jeyabaland Sneha Sheth.
- Flipclass: an online platform to search home tutors. It was founded in 2013 by Vineet Dwivedi. It works on a 3tier model by providing home tutors with inbuilt assessment and also providing tools to support online classes.
- Simplilearn: It is one of the world’s leading startup providing online short term training courses to help professionals in IT, Management, business analysis, etc. It was founded by Krishna Kumar in 2010.
- Kings Learning: an ed-tech startup focusing on profession-specific English language learning, therefore addresses employability issues in India. It provides both online and offline classes. Founded by Arshan Vakil, it allows users to learn in their native language currently onboarded 28 languages.
- Playshifu: provides foundation courses to kids with the help of interactive learning toys. It includes subjects like math, geography, science, music, etc. Basically its an early stage STEM platform. Recently secured a fund of $8.5Mn. It has a presence in more than 30 countries. It was co-founded by Dinesh Advani and Vivek Goyal.
This is just a glimpse of our entrepreneurial achievement in the education system. We have thousands of examples leading their startups with cosmic proportions. India has seen the launch of 4,450 ed-tech startups with 1,150 shutting shops between 2014 to 2019.
According to “The Future Of India’s $2 Bn Edtech Opportunity” report: the Indian ed-tech startups recorded an investment of $433 Mn in 2019, bringing the total funds of $1.8 Bn secured by startups.
Our entrepreneurs have tapped almost every possible problem of the education system and still working to revolutionize the education sector. From children to professionals they have touched every age segment.
It is truly said by Benjamin Franklin– “An investment in knowledge pays the best interest”. And our Entrepreneurs have proved it.