Education technology as a sector has been booming in the past couple of years both in India and globally, with significant interest in the K12 (Kindergarten to Class 12) segment as well.
Data from Tracxn, a start-up data analytics company, shows that Indian edtech firms have raised $5.77 billion in funding in 2021 so far. The overall number was $10.14 billion in 2020. As for market size, German analytics firm Statista estimates the online education market in India will be around $2 billion by the end of this year, significantly up from $250 million in 2016. By 2025, the size of the overall segment would surge to $10.4 billion, says Statista.