Hello friends, welcome back to thetrendybusiness.com. In this article, we are writing about a list of the top 10 Best Edtech Companies in India 2021.
With improvements in technology and internet services over the last few years, almost every sector has been drastically changed, especially the education sector. Education Technology, popularly known as EdTech or Edu-Tech, has brought a revolutionary move in how far and well education is distributed across the country.
Today, the EdTech industry of India is the second biggest in the world and it is only beginning. The industry is estimated to touch $3.2 billion by 2022. It is one of the sectors that has seen fast growth in the pandemic. During the lockdown schools and coaching classes had to depend on technology to continue teaching.
These EdTech companies in India are making it easier for students to make for their competitive examinations.
Many students at their home shifted to online certified courses. Though schools and colleges also later adopted to online mode, the EdTech startups were already prepared.
So without wasting time let us move towards our main post List of the top 10 Best Edtech Companies in India 2021. First of all,
Table of Contents
What is an EdTech Startup?
As the word suggets itself EdTech is made from combitnation of two words – “Education” and “Technology.” It refers to the technology that is designed to enhance learning by use of best IT software and applications.
In other words, EdTech startups are startups that use technology to make education easier for everyone. Interactive screens, Online classes, and MOOCs all are examples of EdTech.
To make classrooms more interactive and engaging with a better experience, technology backed by IoT, Blockchain, and Machine Learning is used for recording lectures, making digital classrooms, assigning homework, and grading tests.
I hope you now understood what is the meaning of EdTech and EdTech startups.
EdTech Companies in India : Importance
Today, the new generation of learners are aware of the need to have knowledge. These ed-tech startups are helping learners understand topics better through virtual reality, augmented reality, and mixed reality. These technologies don’t just make learning more fun but they help learners understand complex concepts easily.
For Students :
- More Collaboration with cloud-enabled tools
- Platforms available for use 24*7 hours
- Recorded lectures
- More personalised experience
- Made topics more interesting with graphics and technology.
For Teachers :
- Automated Grading
- Parents-Teacher-Student network
- Full Digital classrooms
- Accurate results displaying areas to improve.
List of top 10 Edtech Organizations/ Companies in India 2021
Now let’s get to our main topic the list of the top 10 Best Education based Companies in India 2021.
BYJU’S – The Learning App is the popular brand name for Think and Learn Private Ltd., a Bangalore-based educational technology (EdTech) and best online-tutoring firm founded in 2011 by Byju Raveendran his wife Divya Gokulnath.
In March 2019, it was the world’s most valued EdTech company at USD 5.4 billion. With 35 million enrolled students and 2.4 million yearly paid memberships, Byju’s application is accessible on both Google Play Store and Apple Application Store.
They use engaging video lessons, personalized learner’s journeys, unlimited practice sessions, and engaging questionnaires to make learning truly fun. BYJU’s covers a wide variety of classes starting from class 4 up to CAT or IAS test preparations, online classes for UPSC, K3, K10, K12, CBSE NCERT, ICSE, IIT-JEE & NEET.
Byju currently have more than 9,000 employees and a revenue of 520 crores INR. Few of their well-known subsidiaries are WhiteHat Jr. and SPAN Thoughtworks Private Limited.
BYJU’S also won many awards like the CRISIL Emerging India Award and the Deloitte Technology Fast 50 Award. It is promoted by the Superstar Shahrukh Khan.
They have many investors like Aarin Capital, Sequoia Capital India, Chan Zuckerberg Initiative (CZI), Tencent, Sofina, Lightspeed Venture Partners, Brussels-based family office Verlinvest, development finance institution IFC, Napsters Ventures, CPPIB and General Atlantic.
Overall, we can say that BYJU’S covers all types of courses and that’s why it is the best education technology company in India.
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Unacademy is bengaluru-based startup started as a YouTube channel in 2010 by Heemash Singh, Sachin Gupta and Gaurav Munjal.
It is now one of the most popular e-learning startups in India. Unacademy has provided lessons to more than 30,00,000 (3 million) students to date.
They provide learning materials and video lectures for all major entrance exams in India. For JEE, NEET to UPSC, Unacademy is a top choice among students. They have tied up with some of the most qualified teachers.
One good thing about Unacademy is among 2400+ courses most of them are free. You can view videos, watch demonstrations, and even download PDF notes offered by educators.
In 2015, it was formally enrolled as an instructive technology platform. Until then it has raised $88.5 Million. In February 2020, Unacademy has received $110 million in funding from multiple investors.
It has ventured into numerous fields like banking, CA, CAPF, UPSC, CLAT, CAT, JEE, pre-medical and more. The videos are available in different languages so the student can understand it easily.
Unacademy’s business model is primarily based on the plus Subscription feature offered on its platform. Students can follow tutors and get courses from them directly on their homepage.
Overall we can say that it is one of the best EdTech platform available in India.
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Vedantu is a live online education platform that offers personalized courses to students. It was founded by four friends from the Indian Institutes of Technology (IITs) – Vamsi Krishna (Co-Founder, CEO), Pulkit Jain (Co-Founder, Head Product), Saurabh Saxena (Co-Founder, Head Academics), and Anand Prakash (Co-Founder).
This startup has a user base of 25 million users every month from 1,000+ cities and over 40+ countries access Vedantu’s free content, tests, materials, notes, and videos on the platform and its channel on YouTube.
It has raised $5 million in Series-A funding and $11 million in Series-B funding.
Vedantu’s W.A.V.E (Whiteboard Audio Video Environment) platform has been granted an IP Patent for ‘Measuring the Effectiveness of An Interactive Online Learning System’ that helps teachers in identifying a student’s attention level, increases student-teacher interaction, doubt-solving, participation in gamified quizzes, and customization of teaching patterns owing to constant feedback.
Due to these capabilities of Vedantu, they achieved LIVE classes of 1 million hours until today. It has more than 500 educators on its platforms currently. In July 2020, Vedantu raised more than 200 million dollars in funding.
Vedantu primarily provides these services to students of 4-12 class and those preparing for competitive exams. They currently cover subjects like Physics, Chemistry, Biology, English, Mathematics, Hindi, Sanskrit, German, French, Environmental Science, Computer Science and Social Science through its live tutoring platform.
Using state-of-the-art technology, They handle sessions that are expedited by certified educators on Vedantu’s live online learning platform. That’s why it is placed in our list of the top 10 Best Edtech Companies in India 2021.
Toppr is a Mumbai-based e-learning company founded in 2013 by two IITians, Zishan Hayath and Hemant Goteti. They provide its customized learning application for students from state boards or national boards, Olympiads, different engineering, business, and medical entrance tests.
It currently has over 10 million students registered on its platform. They have created artificial intelligence (AI) based machine learning (ML) algorithms for operating its online learning platform.
In June 2018, Toppr was named as one of the winners of the Tyton Global Growth Awards for “Top 50 International Education Companies“.
The company offers four types of products to the learners — online classes, adaptive practice, mock tests, and live doubt sessions.
Starting from only 40,000 pieces of materials in 2013 to 2,000,000 of learning material now, Toppr aims to reach 3,000,000 before the end of 2020.
Toppr has raised over USD 58 million in investment capital since 2015. Its latest funding was a Series C round in December 2018, when it raised USD 35 million driven by Kaizen PE, Alteria Capital, and Brand Capital.
The other investors of Topprs are SAIF Accomplices, Helion Ventures, and Eight Streets Ventures. So, we can say that it is one of the best education based companies in India.
Meritnation is an online Education startup situated in Delhi, which was established by Pavan Chauhan and Ritesh Hemarajani in 2008.
It is an online portal that provides the learning needs of students in school. The company has joined the latest education technologies such as live video lectures and interactive recorded videos to give the best knowledge to the students. By carrying regular tests and giving time-bound assignments, it also checks the preparation of students for exams.
And now, It has become one of the most valuable sites for online learning. They give students learning content from first to twelfth class – CBSE, ICSE, and state boards.
They try to understand the different learning needs of students across demographics. This allows them to generate unique approaches based on the learning style of each individual. Meritnation has been a Subsidiary of Aakash Educational Services Limited since Jan 2020.
Its packages, materials, tests, etc are designed in a great way from a low level to a higher level making your preparation easy.
Its mobile app was recognized among the top 5 apps by NDTV in 2017. So by all these facilities, Maritnation makes fifth place in our list of the top 10 Best Edtech Companies in India 2021.
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UpGrad was founded by Ronnie Screwvala, Mayank Kumar, Ravjot Chugh and Phalgun Kompalli in 2015 with the aim to help working professionals to upgrade their knowledge and skills.
The surprising fact is that the company is debt-free as it has been funded by the founders themselves without any external funding.
And now they are India’s largest online higher education company. They help students to get online degrees from the top universities in the world.
This Indian Edtech Startup has launched a concept called UpGrad basecamp wherein learners get a chance to engage in peer-to-peer learning through offline meetings.
UpGrad is growing very fast and has entered other spaces by acquiring many other startups like Acadview Software, Pyoopil Education : a mobile-based SaaS product to deploy online training in 2016, and CohortPlus : India’s largest and most active community on Product Management and Data Science in 2019.
The most demanded programs of UpGrad today are artificial intelligence, machine learning, data analytics, full-stack development, digital media and marketing, cloud computing, MBA, and entrepreneurship. As of now, They offer about 35 online programs to more than 30,00,000 users.
UpGrad reported a 113 percent increase in its gross revenue in the FY2019 and is aiming for INR 250 Cr gross revenue in FY2020. According to the IBEF report, UpGrad is valued at US$ 102 Billion.
Doubtnut is one of the best Edtech startups in India that makes it easier to learn a language. This online multilingual learning app uses cutting-edge technology to solve students’ queries. It was founded by Tanushree Gupta and Aditya Shankar in 2016 in Haryana, India.
They provide online classes to Kindergarten to class 12, IIT aspirants, and JEE & NEET aspirants. All you have to do is click is a photo of your query, and Doubtnut will present a video solution within seconds. Sounds amazing, right?
They use NLP and image recognition in the field of AI to achieve this. It can currently answer questions in 11 Indian languages. Now it is being popular in Tier-2 and Tier-3 cities.
They have more than 13 Million month to month dynamic users over a few platforms (web, app, YouTube, and WhatsApp).
In January 2020, Doubtnut raised 15 million in series A funding. Their main investors are Sequoia Capital, Waterbridge, Tencent holdings and Omidyar Network India.
So, By all these qualities Doubtnut makes a place in our list of Top 10 best Edtech Companies in India 2021.
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Gradeup is also one of the best EdTech Startups in India and they provide learning content for competitive exams like JEE and NEET. It was founded by Shobhit Bhatnagar, Sanjeev Kumar, and Vibhu Bhushan under the parent GradeStack Learning Pvt Ltd in 2015.
Since then, Gradeup has focused on making use of data analytics to increase their user engagement across all platforms. Gradeup helps more than 18 million aspirants get ready successfully for competitive exams like JEE, NEET, Door, IBPS, SSC, TET, UPSC, etc.
They intend to increase their capabilities by applying data science to further help students improve their performance. It currently has a presence in 2,500 cities and proudly boasts of 18 million active monthly users.
They teach their students with the help of live classes, intuitive tests, mock tests, and 24×7 mentorship.
GradeUp had got USD 7 million in Series A funding from Times Web. They have best teachers of India to give more knowledge to the students.
Overall we can say that GradeUp is a growing Edtech Organization in India.
As the name suggests, Cuemath provides a digitally equipped neighborhood math teacher who empowers children to learn math by reasoning and visualization instead of remembering.
Cuemath is an ed-tech company that was founded by Manan Khurma in 2013 as an after-school math enrichment program. They design its teaching content with the help of experts from IIT and Cambridge and develop a personalized learning plan for every student. It provides interactive live online classes for class 7 and beyond.
They have more than 3000 centers worldwide, and every session has just six students one after another. Cuemath also appreciates women tutors and provides them with meaningful employment opportunities.
Cuemath has over 1500 educators until the date of writing this article. The company has raised 5.5 million dollars in series B funding until 2019.
They don’t care for Math devices or Vedic math since they focus on improving youngsters’ numerical ideas rather than only instructing them to compute quickly. The fee range of Cuemath is Rs. 2500- Rs. 3000 depending on where the branch is located.
Myedubag is a Delhi-based EdTech startup founded by Anuradha Pradhan and Abhinav Pradhan in 2015 targeting students till class 12 starting from the little Kindergarten children.
They give scholarly and non-scholastic education material as general media and text content. It likewise sells reading material and gives complimentary guidance to students, guardians, and instructors.
Myedubag at first was just an online platform to sell textbooks. Its internet business model was in testing mode until 2018. Right now, it has more than 400 students per month on its foundation. Myedubag likewise assists guardians with paying school charges on the web.
Myedubag has expanded its business to e-learning and language learning courses providing memberships starting from Rs 500 to 5,000 every year.
They also offer an establishment course for IIT-JEE applicants. With a unique way of learning, we can say that it is a great education-based startup in India.
These are the top 10 EdTech Startups Companies in India 2021. It helps make education simple and achievable for everyone. Even though the Indian education framework is as yet creating, EdTech Startups taking off in a big way in the last few years.
This will further help students and young professionals to bridge the skill gap and leverage better career opportunities.
We will update our article if we find any other EdTech Startups in India.
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My name is Dhruv Vagadiya. I am an Indian blogger and pursuing the computer science field in L.D. College of Engineering.
I am the CEO of thetrendybusiness.com website. I like to write and aware you about different business ideas.