Thread by @BiIndia

#EdTech | From #BYJU’S to #Unacademy – competition in India’s fast-rising online education sector - by @sanchdash

@unacademy @BYJUS @vedantu_learn #Eruditus

businessinsider.in/business/start…

The opportunity in Indian #EdTech is huge and the top edtech startups are all vying for the same pie. In 2020 alone, India’s edtech startups have raised over $1.5 billion which is just as much as the startups had raised in the past five years put together.

@unacademy

According to a Redseer report, India’s #EdTech startups had raised $1.6 billion between 2014-2019. Here's a look at the valuations of India's fast-rising #onlinelearning sector.

@BYJUS @unacademy @vedantu_learn #Eruditus

India’s booming #EdTech sector has got all what it wants this year – an unprecedented surge in users, a flurry of investors with billions of dollars, and most importantly, a change in mindset that embraces edtech.

@BYJUS @unacademy @vedantu_learn #Eruditus

However, when @unacademy's founder Gaurav Munjal (@gauravmunjal) says he wants to compete with #Netflix, and not peers like #Byju’s or #Vedantu, it shows just how different each platform wants to be.

#EdTech #onlinelearning

.@gauravmunjal, co-founder of @unacademy, recently wrote a blog about choosing the right competition. “Who I would really love to compete with is #Netflix - they have 193M subscribers."

#EdTech #onlinelearning #unacademy

Now can we compete with #Netflix and build iconic products for #learning and #education that have more subscribers than them? We certainly can and we certainly will. And we will play to win,” he wrote.

@gauravmunjal @unacademy #EdTech #onlinelearning

Indeed, the opportunity in Indian #EdTech is huge. India’s #education market is worth $135 billion but edtech currently constitutes for just about a billion dollars in annual revenue, according to a CNBC TV-18 report. And, there is space for firms of all hues.

#onlinelearning

While there may be overlaps in the target audience but each of these platforms is popular in specific segments. India’s #EdTech sector is projected to hit $4 billion in revenue by 2025 and these #startups are in a gold rush for the same.

#onlinelearning #education