Edtech firms turn to hybrid models to ace business sustainability test
edtech sector as it tries to shrug off the fallout of Byju’s implosion by adopting sustainable business practices and focusing on delivering tangible results, industry executives and investors said.
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Some of the edtech firms are also looking to tap the public market for funds, even as investors seem to have again started warming up to the sector. Coaching platform PhysicsWallah is in talks with investment banks to go for an initial public offering. How its IPO fares could be critical for the entire sector.
According to Deborah Quazzo, managing partner of edtech investor GSV Ventures, the global edtech sector has not yet returned to its previous heights; however, this year is expected to be a positive one, showcasing where potential returns can be found.
“I think the next 12 to 24 months are going to be very exciting. I believe India will be the most exciting, as it offers a much better opportunity for companies to go public than any other place in the world,” she told ET. “This will further validate the health of the overall learning and skills innovation markets.”
While Byju’s troubles deepened in 2024 with it facing multiple legal issues including bankruptcy cases, edtech companies elsewhere too faced major setbacks. They included US-listed 2U that filed for bankruptcy and New York-based Knewton, which was acquired
