Why is it necessary to know about the best edtech startups?
Whenever you launch an edtech startup, you have to do a lot of groundwork about who will be your target audience, whether or not your product will be sustainable, how you’ll gradually generate capital, and how to promote your edtech startup. And in this complex research process, the most important thing is knowing about your competitors.
If you failed to study your competitors’ strategies, market shares and product lines, then you haven’t researched your market thoroughly.
But you need not be worried. This article will focus on the most successful edtech startups that have attracted a large user base and earned widespread praise from students and educators.
Let’s check out the best edtech startups.
Best Edtech Startups In India
1. BYJU’S
BYJU is one of the leading edtech startups in India. Founded in 2011, Byju’s has now expanded globally. It gives students access to the top instructors in India, where they may hone their skills and advance their knowledge. Among the fastest-growing EdTech firms, it has a current market cap of $13 billion.
The best thing about Byju that attracts learners is its gamification and 3D visualization integration in chapters to make it more understandable. This learning software covers IIT-JEE, CAT, UPSC, GMAT, GRE, IAS, Engineering & Medical Entrance Exams, and Courses from 6th to 12th Grade.
Founded in: 2011
Funding: $5.8 Billion
Investors: 58
Founders: Byju Raveendran
USP: BYJU claims that 93% of parents who have used the app report that their child’s academic performance has improved considerably.
Read more: Is it profitable to launch an edtech startup now?
2. Unacademy
Unacademy is a popular alternative to more expensive edtech platforms like Udemy and Coursera. The availability of low-cost, certified courses makes it one of the best edtech startups in India. This Bangalore-based edtech startup started in 2010 to provide free education at a minimum price range via YouTube by Heemash Singh, Sachin Gupta, and Gaurav Munjal. They grew their YouTube channel into an e-learning hub in 2015. And now, they cover a wider range of fields than ever, from pre-med to banking to CA, CAPF, UPSC, CLAT, CAT, JEE and much more.
In addition, it offers over 2,000 free online courses for which you will receive a certificate upon paying.
Founded in: Started as a YouTube channel in 2010, Made it an entity in 2015
Funding: $838.5 Million
Investors: 43
Founders: Gaurav Munjal, Roman Saini, Hemesh Singh, Sachin Gupta
USP: Unacademy has educated around 30,00,000 students. The organization works with well-respected professors to tutor its students. Its website offers 2400 free and paid online courses.
3. upGrad
Founded in 2015 as an EdTech firm in Mumbai, upGrad provides a dynamic learning environment and helps to maintain professionally developed courses. The factor that makes upGrad one of the topmost edtech startups is its certified courses. They provide professional certifications in data science, product management, and business management from the comfort of your home. Besides, students can take advantage of university-level management programmes for business professionals.
The unique thing about upGard is its duo trademark. One in education and the other in entertainment enables it to uniquely serve its courses or content entirely differently from other edtech startups. And no one can copy them.
Founded in: 2015
Funding: $631.8 Million
Investors: 16
Founders: Phalgun Kompalli, Ravijot Chugh, Ronnie Screwvala, Tammy Sons
USP: 84% of visitors are local, and the number of users is expanding quickly. upGrad is a renowned online education platform due to its perfect execution.
Helpful: How to get funding for edtech startups?
4. Vedantu
Founded in 2011 in Bengaluru, Vedantu is India’s most successful edtech startup in the age of online teaching. Within its first six years of existence, it has grown to serve over 30 million people in over a thousand different locations. Vedantu has High-quality educators available to provide one-on-one instruction to students in classes 6 through 12. These include voice, video, and whiteboard devices with two-way communication capabilities.
Like Unacademy, Vedantu’s users can access some courses for free. Compared to traditional classroom teaching and pre-recorded video lectures, cooperative sessions are more effective at keeping students’ attention focused on the topic at hand.
Founded in: 2011
Funding: $292.9 Million
Investors: 17
Founders: Anand Prakash, Pulkit Jain, Saurabh Saxena, Vamsi Krishna
USP: Vedantu uses technology to bring together educators and learners in real time to facilitate collaborative education.
5. Simplilearn
Founded in 2009, Simplilearn was originally established as a weblog, but now this Indian edtech startup is one of the most dogged rivals in the global market. Simplilearn is a legitimate online certification training service, collaborating with over 40 certifying organizations like IASSC and PMI to help students obtain certificates and degrees. Besides, they have collaborated with big multinational corporations like Facebook, Amazon, Microsoft, and IBM.
All of the features and tools on this EdTech platform are top-notch, so the price tag reflects that. However, there are payment plans available that include EMI.
Founded in: 2009
Funding: $76 Million
Investors: 7
Founders: Jitendra Kumar, Krishna Kumar
USP: Post-graduate classes are managed by several MNCs on this site. Simplilearn also collaborates with Caltech, UMass Amherst, and Purdue University.
Conclusion
You should research the top Indian edtech startups thoroughly before starting your own; doing so will give you valuable insight into the factors that led to their success, the obstacles they overcame, and the strategies they employed to penetrate the market. You won’t have to deal with too many difficulties in the future if you devise your plan in this way.
Good Luck..!!
