The Pandemic has resulted in a boom for ed-tech startups, with investors and founders calling it a ‘White Space’ of the Indian Tech market. It is evident that, following the first space, startups that offer extra-curricular activities online began to bloom and this trend is expected to continue in 2021. The Ed-tech giants such as Byju’s and Unacademy have been eyeing startups that are offering extra-curricular.
“The Top players such as Byju’s, Unacademy and Eruditus are equipped with a lot of Capital. These companies are actively working to become the mainstream options for the students and therefore, they need to deepen their capabilities and widen their respective portfolios since they cant do everything organically.” -Varun Gupta, Director-digital and technology at Avendus Capital.
Source- Economic Times