Unacademy

The investors who KrASIA spoke with said, in the hindsight, there has never been a better year for tech startups than 2020.

Investors who KrASIA spoke with believe there may be an edtech bubble in making as there has been over investment in the sector.

Coursavy was founded by an Unacademy alumnus in 2019.

The recent transaction has tripled the five-year-old startup’s valuation to USD 1.45 billion in less than six months.

This is Coatue Management’s first investment in an edtech company in the country.

RedSeer and Omidyar Network predict the edtech user base for the K-12 segment would grow to 110 million by 2022, from 25 million last year.

In the first half of 2020, Indian edtech startups have raised USD 795 million, as compared to USD 108 million it attracted in the same period last year.

B2C and B2B edtech startups are racing to tap the vast opportunity now that educational institutions are shut down and millions of students are stuck at home.