For a better and more inclusive world, the convergence between technology and education is making headway.
Technology in education makes learning faster, more streamlined, and enjoyable.
Adding to this, the demand for edtech is busy with imaginative goods. New startups in education are personalizing their products to resonate on a personal basis with the end-user.
In many ways, these education companies affect the life of a student. Students are granted access to cutting edge technology and methods of learning. Such startups encourage learners to have fun while studying.
Here is a list of the top edtech companies in India.
Code Global is committed to supporting artificial intelligence, the Internet of Things, and robotics. It is on a mission to make India, through full automation, a smart world. From retail to H.R., Code Global provides its clients with innovative technical services and products. It is an educational technology organization that is committed to improving the way K12 education is carried out. As part of the Startup India program, a Government of India program, Code Global is the first Indian entity to register as an IoRT (Internet of Robotic Things) corporation. Its partnership includes I.I.T. Kanpur, I.I.M. Lucknow, Delhi Management Association, Nasscom, and many more.
Test prep and K-12 edtech startups combined are expected to be worth $1.3 Bn by 2021, according to research. Code Global is only one of the many startups in the Indian market looking to tap into this emerging demand.
BYJU’S, India’s first edtech unicorn, has a learning app that was introduced in 2015 and has IV-XII student learning programs along with courses to help students study for competitive exams such as JEE, NEET, C.A.T., I.A.S., GRE, and GMAT. It has also recently partnered with Disney to introduce a Classes I to III learning application. The company announced its sales at $69.4 Mn (INR 490 Cr) for the financial year 2017-18, a 97 percent rise since the last financial year. This financial year, it is aiming to reach a sales goal of (INR 1400 Cr).
Doubtnut is a multilingual online learning platform that currently serves K12, IIT JEE, NEET students and uses A.I. and ML technology for image recognition, natural language processing, and proprietary machine learning algorithms to offer video-based solutions in response to queries from students.
Students just take a picture of a problem, and within 10 seconds, the Doubtnut app serves up a video of the answer while occasionally recommending other idea videos to help students understand the subject further. In 11 Indian languages, as well as English, the app will read questions. The business has more than 13 million monthly active users (web, app, YouTube, and WhatsApp) across many channels.
In low-income groups, where the need for low-cost educational facilities is strong, it is highly common. Since March 2019, Doubtnut has seen a 30x rise in its regular active users, as reported by the company in an official media release.
By incorporating one year and two-year programs for Class XI and XII learners preparing for JEE and NEET, Gradeup aims to make a deeper presence in the K12 space. Data analytics and interaction analysis are crucial to Gradeup ‘s growth, and the organization plans to further develop its data science technology capability to better help students enhance their performance.
In order to build the platform and services that will help aspiring students achieve results for its customers, it is spending a lot on research and product growth. In addition, Gradeup will invest in creating a better product for its students with a greater degree of commitment and achievement, scaling up the working segments, and reaching out to a wider audience. Enrolments have doubled every quarter, as the founders believed, and income has increased by around 30 percent to 40 percent every month.
Testbook is an online preparatory forum for competitive government assessments of all sorts. They have seen more than 35000 choices over the past five years, put in numerous government positions. Navi Mumbai, the 200 + strong Testbook.com team, based in Kharghar, has successfully raised four funding rounds. The company recently earned INR 60 Cr as part of its Iron Pillar-led Series B round of investment.
In April 2019, Testbook claimed to have been profitable and posted INR 31 Cr annual sales with INR 45 Lakh EBITDA (earnings before depreciation, debt, taxes, and amortization) in the last financial year.
Toppr caters to the individual learning preferences of applicants and delivers 1.5 million course variations of the broadest K12 syllabus coverage. It now has more than 10 million students on its website and helps them train for diverse colleges, commissions, and competitive tests. To address student doubts immediately, it uses natural language processing. In order to research student behavior and construct adaptive learning pathways of unlimited variations, it also incorporates artificial intelligence, computer learning, and big data.
In 2010, Gaurav Munjal launched this Bengaluru-based startup as a YouTube channel. In 2015, when co-founders Roman Saini and Hemesh Singh came aboard, it was formally licensed as an educational technology site. It has raised $88.5 Mn to date. The group claims to have more than 10 thousand certified teachers and more than 13 million students. It also says that across its different channels, such as Unacademy, Unacademy Plus, Wifistudy, Chamomile Tea with Toppers, Unacademy Studios, and The Solutionists, it gets 100 Mn monthly views.
It is a live site for online tutoring that makes for personalized learning. In order to facilitate live learning between them, Vedantu uses technology to put teachers and students together on a single platform. While Vedantu’s Android app is less successful than its peers, the startup is an eye-catcher for investors. After its founding in 2011, it has raised $59.9 million and is backed by investors such as Tiger Global Management, WestBridge Finance, Accel, Omidyar Network, and others.
On its website, it appears to have 500 + teachers with students using the website through 1000 + cities and 30 + nations. An I.P. patent for ‘Measuring the Efficacy of An Immersive Online Learning Framework’ has been granted to Vedantu’s W.A.V.E. platform that lets teachers recognize the level of interest of a pupil, improves contact between student and instructor, doubts-solving, engagement in gamified quizzes, and due to constant feedback, optimization of teaching patterns.
CodeEdutech 