The Indian education technology market is a fast-growing industry, full of opportunity. It is predicted to be worth Rs 590,000 crore in FY2014-15 as reported by India Rating & Research.
It is, however, often confusing to the outsider and difficult to tackle for those not present in the country or without access to primary sources.
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Our EdTech Startup List: India gives you access to details of over 170 companies on the subcontinent. Each entry is carefully researched and covers the following points (when information is publicly available):
- Company Name, Website
- Country, City
- Founding Date, Founders
- B2C, B2B, Vertical, Type, Age Group, Language
- Tech
- Investment, Investor, Accelerator
- User / Download numbers
- CrunchBase / AngelList Profile / LinkedIn Company Page
Key Findings
Funding for and investments in education technology startups in India are constantly growing. Especially ventures that focus on K-12, higher education, job-readiness for engineers, platforms that provide job skills, and test preparation are of interest.
There is also a growing vertical of education technology startups that cater to the bottom of the pyramid, especially in rural areas.
Over the past decade the edtech startups featured on the list have raised a total of over $160.5 million with Byju’s Classes ($30 million), Simplilearn ($28 million), iProf ($15 million) and Toppr ($12 million) leading the list.
About two thirds of the Indian edtech startups on the list are consumer focused (122), about a quarter target corporate clients (41), the rest offer their products to both.
Verticals
About a quarter of edtech startups are offering services and products for Higher Education (39), a third for K-12 (55). Other strong verticals in India are Test Prep (26) and Continuing Education (16).
EdTech Hubs
The majority of edtech startups (63) is located in Bengaluru (Bangalore). In second place comes Delhi / New Delhi (43), third place goes to Mumbai (20). Other edtech hubs in India are Hyderabad (12) and Chennai (6).
Founding Date
The majority of edtech startups on the list were founded in the past five years
2005 (2) 2007 (3) 2008 (7) 2009 (12) 2010 (13) 2011 (22) 2012 (30) 2013 (32) 2014 (32) 2015 (19)
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What is a Startup List
EDUKWEST Startup Lists exclusively contain startups, companies whose image is one of a digital company, and whose main business, if not exclusively, is generated through their online presence. We therefore exclude traditional businesses from our lists that have added online components to their portfolio as an additional revenue stream but remain focused on their real-life operations.
Startups in our definition are new companies with high future growth potential that are exploring a new area or niche in the education market, and are (often) in search of their business model. They don’t need to be venture funded but can be entirely bootstrapped, or have an “exit” strategy. Startups included in our lists are often, but not exclusively, rather young companies.
Purchasing this Startup List will help you to analyze the most promising markets and verticals for education technology products in India and to evaluate the different market segments within edtech.
The Startup List comes in Excel format, so you can sort it easily by market segment, investment and other variables or add your own data to it.
With this Startup List you will be able to see how startups approach the Indian edtech market, track down competitors and what they do. In many cases you also get data on how many users the listed edtech startups have today as well as how much venture capital the startups raised from whom.
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Picture by Tatinax via Flickr