Indian edtech ecosystem to see further integration of traditional models: GSV Ventures
Subscribe to enjoy similar stories. MUMBAI : The Indian edtech players are expected to integrate traditional education approaches with educational technology as the ecosystem matures following the post-pandemic boom, top executives at edtech-focused venture capital firm GSV Ventures told Mint. “The ecosystem in learning and skills is now being viewed as more than just edtech," said Deborah Quazzo, managing partner of the US-based venture capital firm, in an interview on the sidelines of the ASU+GSV and Emeritus Summit in Gurugram. “It now includes large site-based education players, universities, and corporate entities—because you need more than just edtech to make it real." This marks a shift from the massive post-pandemic edtech boom that saw edtech players like Byju’s, Unacademy, and Physics Wallah, among others, come of age in the country.
Five years later, the edtech ecosystem is witnessing a slowdown. Industry leader Byju’s fall has put investors off. The sector's total fundraising in 2024 stood at $608.9 million, recovering slightly from $245.8 million in 2023, showed data from analytics firm Tracxn.
In its heydays, the sector saw an influx of investments, totalling $4.1 billion in 2021, almost doubling over 2020 and growing nearly 7X over 2019. Quazzo emphasized that the fall of some edtech models, like Byju’s, after their meteoric rise, had little to do with the education sector itself. “It was all the external factors we now know.
Read more on livemint.com
