The Indian edtech sector has seen a strong increase in capital, with around $208m injected into edtech companies in 2016. According to the latest data from CB Insights, India is home to more than 100 million internet users and over half of them are under 25 years old. If any startup has cracked the code of skill development in augmented reality or virtual reality, it can undertake (and succeed in) skill development in any part of the world," says Rishi Kapal, CEO of , an accelerator that hones education technology startups in India. Edtech company Byju’s raised $125m, focusing on innovation in learning through gamification and 3D techniques. Investors are keen to fund edtech because the sector is counter-cyclical, doing well in times when e-commerce and other more commercial areas do less well.
The Indian edtech sector has seen a strong increase in capital, with around $208m injected into edtech companies in 2016. According to the latest data from CB Insights, India is home to more than 100 million internet users and over half of them are under 25 years old. Edtech company Byju’s raised $125m, focusing on innovation in learning through gamification and 3D techniques. Investors are keen to fund edtech because the sector is counter-cyclical, doing well in times when e-commerce and other more commercial areas do less well.