Whereas there are alarming stories of some massive edtech companies struggling in India, nevertheless, it isn’t all doom and gloom. Some start-ups centered on studying have managed to not solely scale up but additionally do it profitability, observe Ujjwal Singh, Founding CEO, Infinity Study by Sri Chaitanya and Prakriti Jaiswal, Companion, JSA Advocates & Solicitors.
In 2023, the sector cumulatively raised $311.5 million throughout 75 rounds, which was considerably decrease than the $2.4 billion raised in 2022 throughout 238 rounds and the whopping $4.1 billion in 2021 throughout 364 rounds, in response to knowledge from market intelligence platform Tracxn. This 12 months has seen six funding rounds up to now, totting up $10.8 million.
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(Host: Jyoti Banthia, Edits: Anjana PV)
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