With the evolution of technology and easy access to the internet services, almost every sector has undergone tremendous transformations in the recent past; with the education sector being no exception. Education Technology most commonly known as EdTech or Edu-Tech has introduced a definite revolutionary change in how far, how deep, and how well the education is disseminated across the country.
According to Google Trends, ‘edtech’ searches gained 60 percent on the Indian internet between April and December 2020. Additionally, a joint report released by BARC India and Nielsen also stated that there was a 30 percent increase in the time spent on education apps in the first three months of lockdown. Not just this, Edtech funding also grew to $2.2 Bn in 2020, compared to $1.8 Bn raised by edtech startups across 303 deals between 2014 and 2019 combined.
Amidst this, not only did the existing edtech startups pivot and persist, but also a spectrum of new online learning platforms mushroomed to during this phase. Here we present to you a list of Top 5 EdTech startups that ushered out of the pandemic like no one.
Henry Harvin Education
Henry Harvin Education is India’s leading edtech company incepted in December 2013 by Mr. Kounal Gupta. It offers courses online & offline and excels in training, content services, consulting, upskilling, and higher education with India and the US being the key markets.
This Noida-based organization offers an array of instructor-led self-paced courses ranging from Content Writing, Creative Writing, Technical Writing, Digital Marketing, TEFL, Finance Law, Six Sigma, Blockchain to Business Analytics and many more. In the short span of its journey, Henry Harvin Educations has attained a rich experience of serving 150+ corporates like Tata Metaliks, San Disk, Bajaj Finance, Modicare and others. It is also a training partner of 80+ colleges PAN India including 12+ IIM’s like IIM-A, B, C and 7+ IIT’s including IIM-A, B, C.
Incepted with an aim to digitize the tuition system in India, Classplus was started in 2018. This Delhi-based startup empowers teachers through a mobile-first product that allows them to share messages, homework, online tests, and video lectures with their online students. Further with digital payments and ease of tutoring, Classplus saw a surge of more than 200K users on the platform. Since last year, the company has grown 10 times its initial worth with a few users from neighboring Asian countries as well.
Delhi-based startup, Doubtnut is a multi-lingual online learning platform that uses image recognition, natural language processing and proprietary machine learning algorithms to provide video-based solutions in response to students’ queries in vernacular languages in K12 category. In order to respond to the student’s queries in vernacular languages, Doubtnut uses the data shared by almost 2 million daily users in the form of live classes, notes, and tests. The company has been successful in monetizing its business in 2020, and in this short span the company has been able to lodge 10x revenue growth.
Another edtech startup that has been flourishing well in the market of lately is Masai School hailing from Bengaluru. Masai School has entered a $3.1 billion worth software development market with an aim to train beginners and experienced professionals.
At present, this startup offers only two programs – one for the beginners who want to learn coding and the other for experienced coding professionals. Masai School follows an Income-sharing Agreement model which means students don’t have to pay any tuition fee till they bag a job with a package of at least INR 5 Lakh per annum. Currently Masai school has about 450 students and during the past 10 months, it has managed to triple its user base, across 25 Indian states.
Practically is a Hyderabad-based edtech startup that was launched in April 2020. The startup extensively deploys next-generation interactive methods like augmented reality, simulations, and 3D videos to teach the students. Practically focused on enhancing conceptual understanding and improves retention of concepts by using life-like video content, hands-on learning, experiential learning, live classes, and AI assistant.
Riding on its wave of success, Practically has also bagged the ‘EdTech Startup of the Year at Startup Awards 2021’ organized by Franchise India and Entrepreneur India magazine. Additionally, the startup was also adjudged as the Most Innovative STEM Solution by Elets Digital Learning magazine at the World Education Summit 2021.