In the third quarter interest in early stage edtech startups in India dropped slightly compared to Q1 and Q2.
Noteworthy was the first investment from the Chan Zuckerberg Initiative into an Indian startup. It is also estimated that the edtech market on the subcontinent will reach $2.5 billion by the end of this year.
This EdTech Market Brief is designed with readers in mind that want to stay at the top of their game, who have a special interest in the latest happenings in the Indian education technology sector with a focus on EdTech startups and investments.
It features a total of 43 curated articles from leading sources covering the latest trends and numbers that are shaking up the education scene1 on the subcontinent. It includes 9 Op-Eds and interviews with Indian edtech founders, 4 articles covering K-12 and Higher Education, 18 articles about Indian edtech startups and 6 articles about angels and VCs investing in the Indian edtech market.
EDUKWEST tracked 16 founding rounds in Indian edtech startups for the second quarter of 2016 with over to $55 million in disclosed funding spread across 12 rounds. The biggest rounds this quarter went to Byu’s ($50m), Prozo ($1.1m), LIQVID ($1m) and Unacademy ($1m).
The number of funding rounds is down compared to Q1 and Q2 (16 instead of 21). Like in the first quarter, Byu’s takes the lion share of investments in Q3 with its $50m round, leaving $5 million invested across the remaining 15 startups who received funding this quarter.
Promo: Use the code INDIAH12016 at checkout and get 15% off when purchasing the EdTech Market Brief India Q1 and Q2 together.
Picture Nicolas Raymond via freestocks.ca