Top 10 Edtech Startup in India 2020 | Edtech Startup
Posted: Aug 02, 2020
According to Google, KPMG reports the online education is expected to be a 1.96 Billion dollar market here in India by 2021, But Why?
What is about online education that Indian student and their parents find so attractive? If you are Indian, you probably already know why.
Traditional Education in this country is lacking. According to 2019, National Employability Report for Engineers, 37.7% of Engineers failed to write error-free code compared to only 10.4% of Chinese engineers.
And on top of that 80% of Indian Engineers according to this report are deemed unfit for any job in expanding knowledge economy.
And that what really makes Edtech so exciting. Finally, there are solutions being created to solve the problem that traditional education in this country can't.Here is the Top 10 Edtech startup in India that is trying to fix India's fractured education ecosystem.10. InterviewBit
E-Learning Platform for student and working professional. It is started as a platform to coach students for interviews at Tech giants like Facebook, Google, and Amazon.
Recognizing the lack of coding skills among engineering college graduates, they introduced InterviewBit Academy, now called Scaler Academy in April of 2019.
Scaler Academy provides an immersive 6-month training program that helps its student to develop tech skills and also assist them to connect in the right companies.
InterviewBit is particularly interesting because students aren't charged a single penny until they have secured a job with a certain minimum salary.
In other words, they don't get paid until you get paid.
Today more than 4000 students have benefited from the scholar program and this number will continue to increase.
Thanks to the company's investors who have invested 20 million dollars into the edtech startup so far. This investor includes Sequoia Capital, Tiger Global and Global Founders Capital (GFC)9. DoubtNut
It was founded by IIT Delhi alumni Tanushree Nagori and Aditya Shankar in 2017.
DoubtNut helps students from 6th to 12 grade to clear their doubts by quick and easy solutions to their math problems. To get the solutions to these problems, students can either type their questions in manually or they can upload the picture of their math problem onto to DoubtNut app and let its machine learning algorithms do the rest.
This Edtech startup is empowering students from smaller cities who find it hard to access quality education by enabling the app to read questions in 12 different Indian languages including English.
In less than 3 years, the startup claimed to have obtained 13 million active users 85% of which are from smaller cities.
Seeing the potential of the platform DoubtNut investors have pumped 15 million dollars into the company since 2017. This investor includes Tencent Holdings, Omidyar Network India, CureFit co-founder Ankit Nagori, and Sequoia Capital.