EdTech Funding Report India 1H 2015 EDUKWEST

Report: Indian EdTech Startups raised over $50 million in 1H 2015

Over the past couple of years the Indian subcontinent managed to establish itself as a serious market for investors seeking opportunities to invest in education and EdTech.

At EDUKWEST we see an increased number of startups in the education space getting founded by Indian entrepreneurs, often after having spent time in the US and working for big American companies, but also new funds specially created to support the budding ecosystem.

In terms of traffic on our website and subscribers to our newsletter, India has become our number two source of visitors making for a solid 10 percent of total traffic on EDUKWEST.

These developments caused our team to take a deep look at the data we collect about the Indian EdTech startup ecosystem, and what came up was some pretty telling trends for 1H 2015.


1H 2014 1H 2015
Amount $80 million $56 million
Number of Investors 35 60
Number of Rounds 20 30

Although the total amount invested in 1H 2015 seems to be significantly lower with $56 million than it was in 1H 2014 ($80 million) at first glance, it needs to be said that this includes one $60 million round. Overall we see a much larger number of investors (60) being drawn to EdTech in India than in the same time in 2014 (35).

The total number of rounds we tracked increased from 20 rounds in 1 H 2014 to 30 rounds in the same timeframe this year.


1H 2014 1H 2015
Angel 6 $2m 6 $666k
Seed 7 $1.7m 11 $4.6m
Series A 1 $942k 6 $7.5m
Series B 1 $9m 1 $10m
Series C 0 2 $19m
undefined 5 $66m 4 $14.2m

If we take a look at how these rounds break down in comparison, we see that there is a constant number of Angel rounds (6), but those rounds are significantly smaller in size this year than they were last year.

However, the picture changes when we look at Seed investments, Series A, B, and C rounds this year, both in terms of total rounds and total amount of money invested.

Interestingly, the amount of unspecified investment was a staggering $66 million in 1H 2014, which asks for some caution when looking at the distribution of money in specific rounds. It would, however, appear that the investments made in the past year have become more structured.


1H 2014 1H 2015
K-12 6 11
Higher Education 2 6
Test Prep 2 4
Language Learning 0 3

In terms of popularity, we see the K-12 vertical lead the field with 11 rounds total, followed by Higher Education with 6 rounds, then test prep with 4, and language learning with 3 rounds in 2015 so far.


1H 2014 1H 2015
Bangalore 3 8
Delhi, New Delhi 3 7
Mumbai 3 6
Chennai 2 3
Hyderabad 4 3

The top 3 EdTech hubs on the subcontinent are Bangalore, Delhi, and Mumbai, which is consistent with the 2014 data. It is noteworthy that the top three cities have at least doubled the number of investment rounds in 1H 2015.

Special Offer: Purchase our Bundle EdTech Funding Report India 1H 2014 & 1H 2015 and save 50% on the second report.

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Kirsten Winkler is the founder and editor of EDUKWEST. She also writes about Social Media, Digital Society and Startups at KirstenWinkler.com.