Beyond Byju's, GSV Ventures sees promise in India's edtech
Mint in an interview. He also added that there are plenty of lessons the industry can learn from the Byju's fiasco. GSV has invested in Indian edtech companies including Physics Wallah, Lead Schools and Apna and manages about $800 million in assets.
"I think there's a lot of lessons learned that are great for the maturity of the entrepreneurial innovation ecosystem," Moe said on the sidelines of the second edition of the ASU+GSV & Emeritus Summit in Gurugram. "Should a young startup be sponsoring or make nine acquisitions in a short period of time? Should it be a sponsor of a FIFA World Cup paying $40 million? Shouldn't a business that's raising money at higher valuations have the right professional auditors... you know… it's all those things," Moe said on Byju’s.
He believes there is immense potential in India and the venture capital firm has plans to make follow-up as well as new investments in the country. "We're very active here. I believe it's a good time to be buying swimsuits in the winter."
Still, the Indian education system has several gaps to address and artificial intelligence (AI) will be a big game changer in the country as this technology is going to increase personalization for students, lower cost and improve the quality of learning, Moe said.
