15 June 2023
Table of Content
1. Overview of EdTech Industry
2. Top 10 EdTech Companies in India
2.1. BYJU’S
2.2. Unacademy
2.3. Vedantu
2.4. upGrad
2.5. Simplilearn
2.6. Toppr
2.7. WhiteHat Jr.
2.8. Meritnation
2.9. Edureka
2.10. Classplus
Overview of EdTech Industry
The Indian EdTech industry is experiencing rapid growth, currently valued at over US$10 billion. This growth is projected to continue at a CAGR of more than 30% in the next five years, fueled by factors like expanding internet access, increasing demand for online education, and government support for EdTech development. The top 10 EdTech firms in India dominate more than half of the market. These companies provide a diverse array of educational services, encompassing online courses, live tutoring, and test preparation. Their popularity extends to students of all age groups, from primary school to higher education and beyond.
Key statistics include:
1. More than 200 million students in India are currently enrolled in online education.
2. The EdTech sector is projected to generate over 10 million job opportunities in the upcoming five years.
3. The Indian government has introduced various initiatives to foster the growth of EdTech, including the National Education Policy 2020 and the Digital India program.
Top 10 EdTech Companies in India
BYJU’S
BYJU’S, an Indian multinational edtech company based in Bangalore, was founded in 2011 by Byju Raveendran and Divya Gokulnath. Valued at over $5 billion, it’s India’s most valuable edtech firm. BYJU’S provides a wide array of online learning programs for students of all ages, from kindergarten to college. Their flagship offering, BYJU’S – The Learning App, covers subjects like math, science, English, social studies, and coding. Additionally, BYJU’S offers personalized learning programs for competitive exams such as IIT-JEE, NEET, and CAT. Serving students in 100+ countries, the company caters to both individuals and educational institutions with over 150 million registered students.
Unacademy
Unacademy, based in Bangalore, India, is a leading Indian EdTech firm founded in 2015 by Gaurav Munjal, Hemesh Singh, and Roman Saini. It ranks among India’s top 10 EdTech companies and delivers a wide array of services encompassing online courses, live tutoring, and competitive exam preparation, including JEE, NEET, UPSC, and CAT. Serving a diverse clientele, from school students to working professionals, Unacademy’s primary clients include students, parents, and schools. Its prominence as a top 10 EdTech player in India is attributed to its commitment to delivering high-quality and affordable education, facilitated by experienced educators and a user-friendly, accessible platform.
Vedantu
Vedantu, founded in 2014, is India’s leading online tutoring platform offering live classes for students in grades 4 to 12. Specializing in STEM subjects, languages like Hindi, English, Sanskrit, German, French, and subjects like environmental science and social science, Vedantu uses the WAVE (Whiteboard Audio Video Environment) platform to enable real-time interaction between students and top-quality teachers nationwide. Serving students from different boards including CBSE, ICSE, and state boards, Vedantu is recognized as a top edtech company in India for its innovative teaching methods, quality instruction, and affordability. KPMG’s recent survey reveals Vedantu’s popularity, with a 70% market share among Indian parents. Education experts also commend Vedantu for democratizing education, making quality learning accessible to all students, regardless of their location or socioeconomic background.
upGrad
upGrad, founded in 2015 by Ronnie Screwvala, Mayank Kumar, Phanindra Sama, and Ravijot Chugh, is India’s largest online education company. It specializes in online and blended learning programs covering fields like business management, data science, artificial intelligence, machine learning, and digital marketing. Partnering with top universities and experts, upGrad ensures learners gain essential skills for career success. The programs are flexible, suitable for both professionals and students, accessible worldwide. upGrad also provides support services like career counseling and placement assistance.
Simplilearn
Simplilearn, established in 2010, is a global online learning platform specializing in professional certification courses covering digital skills like cloud computing, data science, project management, digital marketing, and artificial intelligence. With a track record of training over 2 million professionals from 2,000+ organizations across 150+ countries, Simplilearn caters to diverse industries including IT, healthcare, finance, and manufacturing. Its clientele spans Fortune 500 companies, startups, and government agencies. Recognized as a top 10 edtech company in India, Simplilearn is acclaimed for its top-notch training, industry-relevant curriculum, affordability, and innovative learning approach, dedicated to helping learners reach their career aspirations.
Toppr
Toppr, established in 2013 by Zishaan Hayath and Hemanth Goteti, is an Indian edtech company. It specializes in personalized learning programs for students in grades 5 to 12, aiding their preparation for school, board, and competitive exams. Powered by artificial intelligence (AI), Toppr’s platform monitors student progress and offers tailored guidance. Its edtech services encompass personalized learning programs, practice tests, quizzes, and performance analytics. Toppr caters to students from diverse backgrounds, including CBSE, ICSE, and state board schools. Acknowledged as a top 10 edtech company in India, Toppr is lauded for its innovative learning platform, personalized approach, and quality teaching.
WhiteHat Jr
WhiteHat Jr., established in 2018 by Karan Bajaj and Kavin Mittal, is an online edtech company specializing in one-on-one coding classes for children aged 6-14. Their curriculum focuses on coding fundamentals, logic, structure, sequence, and algorithmic thinking. The company also offers classes in app development and game design. Recognized as a top 10 Indian edtech firm, WhiteHat Jr. provides classes led by experienced instructors and additional resources like interactive games and puzzles. Their curriculum caters to all skill levels, fostering critical thinking and problem-solving skills in children.
Meritnation
Meritnation, founded in 2008 by Pavan Chauhan and Ritesh Malik, is an Indian edtech company specializing in online learning solutions for students in grades 1-12. They cover all major subjects and boards with a primary focus on K-12 education. Meritnation offers various edtech services such as online study materials, live and recorded video classes, doubt-clearing, and personalized learning plans. As one of India’s top edtech firms, Meritnation is known for its comprehensive services, personalized learning, and affordability. They serve students nationwide, including schools and educational institutions.
Edureka
Edureka, established in 2012 by Lovleen Bhatia and Kapil Tyagi, is a global e-learning company headquartered in Bangalore, India, with international offices in the US, UK, Australia, and Singapore. They offer online courses in high-demand fields such as big data, cloud computing, and data science. Edureka’s edtech services encompass online courses, live and recorded expert-led lectures, practical projects, 24/7 support, and job placement assistance. Their diverse clientele spans IT, healthcare, finance, and education sectors, including individuals, students, and Fortune 500 companies. Edureka is acclaimed among India’s top 10 edtech firms for its commitment to quality education and emphasis on in-demand skills.
Classplus
Classplus, established in 2018 by Mukul Rustagi and Bhaswat Agarwal, is a mobile-first SaaS platform designed to assist private coaching institutes in establishing and expanding their online presence. Their services include a mobile app builder, video streaming, online assessments, payment processing, and communication tools. Classplus caters to various industries and is acknowledged as one of India’s top 10 edtech companies for its innovative platform and dedication to supporting coaching institutes in the digital era.
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Overview of EdTech Industry
The Indian EdTech industry is currently valued at over US$10 billion and is projected to continue growing at a CAGR of more than 30% in the next five years. This growth is driven by factors such as expanding internet access, increasing demand for online education, and government support for EdTech development. The top 10 EdTech firms in India dominate more than half of the market and provide a diverse array of educational services, including online courses, live tutoring, and test preparation. These companies cater to students of all age groups, from primary school to higher education and beyond.
Key Statistics:
- More than 200 million students in India are currently enrolled in online education.
- The EdTech sector is projected to generate over 10 million job opportunities in the upcoming five years.
- The Indian government has introduced various initiatives to foster the growth of EdTech, including the National Education Policy 2020 and the Digital India program.
Top 10 EdTech Companies in India
BYJU’S
BYJU’S is an Indian multinational edtech company based in Bangalore, founded in 2011 by Byju Raveendran and Divya Gokulnath. Valued at over $5 billion, it offers a wide array of online learning programs for students of all ages, from kindergarten to college. BYJU’S serves students in 100+ countries and has over 150 million registered students.
Unacademy
Unacademy, based in Bangalore, India, was founded in 2015 and ranks among India’s top 10 EdTech companies. It delivers online courses, live tutoring, and competitive exam preparation, including JEE, NEET, UPSC, and CAT. Unacademy's commitment to delivering high-quality and affordable education has contributed to its prominence in the Indian EdTech industry.
Vedantu
Vedantu, founded in 2014, is India’s leading online tutoring platform offering live classes for students in grades 4 to 12. It specializes in STEM subjects and languages and is recognized for its innovative teaching methods, quality instruction, and affordability.
upGrad
upGrad, founded in 2015, is India’s largest online education company, specializing in online and blended learning programs covering fields like business management, data science, artificial intelligence, machine learning, and digital marketing. It partners with top universities and experts to ensure learners gain essential skills for career success.
Simplilearn
Simplilearn, established in 2010, is a global online learning platform specializing in professional certification courses covering digital skills. It has trained over 2 million professionals from 2,000+ organizations across 150+ countries and is acclaimed for its top-notch training, industry-relevant curriculum, affordability, and innovative learning approach.
Toppr
Toppr, established in 2013, specializes in personalized learning programs for students in grades 5 to 12, aided by artificial intelligence. Its platform monitors student progress and offers tailored guidance, catering to students from diverse backgrounds.
WhiteHat Jr.
WhiteHat Jr., established in 2018, specializes in one-on-one coding classes for children aged 6-14, focusing on coding fundamentals, logic, structure, sequence, and algorithmic thinking. It provides classes led by experienced instructors and additional resources like interactive games and puzzles.
Meritnation
Meritnation, founded in 2008, specializes in online learning solutions for students in grades 1-12, covering all major subjects and boards with a primary focus on K-12 education. It offers various edtech services such as online study materials, live and recorded video classes, doubt-clearing, and personalized learning plans.
Edureka
Edureka, established in 2012, is a global e-learning company offering online courses in high-demand fields such as big data, cloud computing, and data science. It is acclaimed for its commitment to quality education and emphasis on in-demand skills.
Classplus
Classplus, established in 2018, is a mobile-first SaaS platform designed to assist private coaching institutes in establishing and expanding their online presence. It offers a range of services including a mobile app builder, video streaming, online assessments, payment processing, and communication tools.
These companies collectively dominate the Indian EdTech industry and provide a wide range of educational services, catering to the diverse needs of students and professionals.
