Eruditus to deepen its India presence to grow

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₹3,343 crore, from ₹1,962 crore a year earlier. “The number of Indians who want to learn or educate is less than 10% when it comes to 25-30 years of age and that’s still a drop in the ocean. So, in that sense, there is a much greater need and as traditional brick-and-mortar institutions would not be able to cater to it, we need partnerships.

So, in India, we work with IITs and IIMs to amplify the impact of the footprint that they have," Kalipatnapu told Mint on the sidelines of the second edition of the ASU+GSV & Emeritus Summit in Gurugram. Eruditus partners with universities around the world to make executive education available to individuals and companies. Globally, several experts in the edtech industry have highlighted the importance of the Indian market as universities across the globe aim to benefit from the country’s growing young population.

Industry executives also emphasized on the importance of artificial intelligence (AI) and tech advancements in the educational sector. They believe AI could be a game-changer for teaching as it would help personalize the student’s ways of absorbing information and adapt to their pace of learning by offering visual cues or prompts. “That’s going to have a very positive impact...there’s a lot of conversation about tech going to replace education, but fundamentally it is only going to enable them further and give better access," he said.

The edtech industry, which saw a heady growth during the pandemic, got a reality check when the pandemic ebbed and offline formats came roaring back. As a result, many companies had to restructure their business models and embark on a cost-cutting drive, including layoffs, to stay afloat. Talking about the long-term potential of hybrid