Indian edtech startups received over $2.22 bn funding in 2020 as compared to $553 mn last year

The Indian edtech startups have seen a total investment of $2.22 bn in 2020 as compared to $553 mn in 2019, according to Indian Private Equity and Venture Capital Association (IVCA) and PGA Labs data.

The report estimates that education is a whopping $117 bn market in India with around 360 mn learners in 2019-20. An estimated $49 bn is spent on school education out of which 66% is spent on primary education and 27% on secondary education. Around $42 bn is spent on supplementary education, which primarily comprises private coaching and test preparation.

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