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Page Mo. 1 / 8Digging Deeper: India's ed-tech space is more than Byju'sThe world is becoming a smaller place each day, and with it, the dreams of childreneverywhere in the world are becoming bigger. And edtech is helping them realizing thesedreams.Moneycontrol [email protected]Due to acute disparity in learning levels caused by social, economic, geographic and otherfactors, India may be in the danger of under-utilising or losing out on the untapped capitalof human potential. Education technology (edu-tech/edtech) could play a vital role inmeeting the learning needs of underserved sections of the populace. In this space, the namewe hear loudest is Byju’s, the Bangalore-based company valued at over four billion dollars(or five, according to some estimates), which raised $540 million from Naspers and othersjust last year. It is the fourth most valued start-up in the country. Unacademy, which muchlike Byju’s also offers online tutoring to students, has raised 38.5 million dollars to date. Lastyear in December, Toppr, another edtech start-up which claims to have six million users,had raised $35 million led by education-focused investor Kaizen Private Equity.CollegeDekho has raised upwards of 13 million dollars to date. Even Mukesh Ambani seemsto want a slice of the Indian edtech pie considering he bought a 38.5% stake in Noida-basedstart-up Extramarks. Byju’s might have put Indian edtech on the global map, butincreasingly, the space is more than just Byju’s.India’s education market, estimated to grow to $5.7 billion by 2020, has emerged as alucrative opportunity for edtech start-ups and VCs alike. On this edition of Digging Deeperwith Moneycontrol, we will try to understand both the potential of edtech start-ups and thereasons why some of them have succeeded spectacularly in what was, just a few years ago,a relatively unexplored field.Growing interestA recent Financial Express report cited a study by Karthik Muralidharan of the University ofCalifornia at San Diego, Abhijeet Singh of the Stockholm School of Economics and AlejandroJ Ganimian of the NYU Steinhardt School, according to which, incorporation of educationaltechnology can help accurately assess learning levels and customise pedagogical support tobridge intra-classroom gaps.Andhra Pradesh, we are told, is pioneering tech-enabled pedagogy, and as an early-birdadopter of edu-tech, it will be leagues ahead of other states. The piece said, “The state,from the current academic year, will be using Personalised Adaptive Learning (PAL), orsoftware-based assessment of the academic standing of the students in a classroom. PALwill first assess the student’s comprehension levels and then prescribe targeted learning.

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Term
Fall
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Tags
E learning, Virtual learning environment

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