Thread by @BiIndia

#ICYMI | India’s education sector is poised to grow from the current $117 billion to $225 billion by FY25.

Here’s how just one day in India’s edtech sector panned out.

businessinsider.in/business/start…

By @SanchDash

@SanchDash India is home to the world’s most valued #edtech startup and has a burgeoning list of unicorns from the sector. Even Indian venture capitalists believe that it’s a sector to watch out for in 2021.

@SanchDash And if that were not enough, the world’s richest man #JeffBezos is eyeing the edtech segment in India, apart from his already bullish e-commerce giant #Amazon.

#edtech

@SanchDash According to a report by PGA Labs and IVCA, India’s education sector is poised to grow from the current $117 billion to $225 billion by FY25. And to have a piece of the pie, the biggest players are scrambling for customers, acquisitions and moolah.

#edtech

@SanchDash The global e-commerce giant, #Amazon, has made an entry into the edtech segment with the test preparation market. It launched #AmazonAcademy to help students prepare for the #JEE (Joint Entrance Examination) to gain admission to engineering colleges.

#edtech

@SanchDash The $12 billion #BYJU’S is set to acquire the brick and mortar preparatory services institute #AakashEducationalServices for a whopping $1 billion. If the deal goes through, it will become one of the biggest edtech deals in the world.

#edtech

@SanchDash #Unacademy has closed a secondary transaction worth $50 million. The deal saw Tiger Global, Dragoneer Investment Group, Steadview Capital, and General Atlantic increase their stake in the company by acquiring additional shares worth $50 million from previous investors.

#edtech