If an edtech startup disappears and nobody notices, did it ever exist? Luvo, formerly Flashnotes, seems to have gone into hibernation, or possibly full shutdown. When you are visiting the website these days, all you see is a wooden texture and a “Thank you from Luvo” note in the browser tab.
While some tech outlets have been reporting on a possible drought for edtech startups due to shrinking investor interest in western markets, Asia appears to be headed in the exact opposite opposite direction.
The enthusiasm for all things edtech, fueled by all the different stakeholders, likely makes Asia the most dynamic market for education technology right now.
As a keen follower of all things edtech you will likely have noticed that MOOC platforms like Udacity and now Coursera are moving away from classic higher education subjects and increasingly into tech skills. Startups like Udemy served that vertical early on. If you think about it, it is somewhat a self-fulfilling prophecy that a Silicon Valley startup is serving the ecosystem it exists in.
There is a lot of activity around the Online Learning, MOOC, Hybrid Learning space in India. A number of leading universities have started their own MOOC’s (IITBX, IIMB) and are offering open access to their content to students.