Market Size - Opportunity to Grow 10x Plus
- There are close to 4,450 EdTech start- ups in India.
- The market is divided into two key segments – online test preparation & online skill development
- Start-ups in this segment have received $1.6 billion in capital inflow between 2016 and 2019.
- Each segment has grown at a rate of 64% and 38% (CAGR) respectively between 2016-2020.
Core Skills Attributes
- 4Cs: critical thinking, collaboration, communication and creativity – skills that all learners need for success in school, work and life. The 21st century is not in the distant future
- Life skills: is acquired through direct life experience, that are Leadership skill, Initiative, Productivity, Flexibility
- Digital literacy: refers to an individual’s ability to evaluate the individual’s grammar, composition, typing skills and ability to produce text, images, audio and designs using technology.
Attributes Responsible For Business Challenges
- Uncertainty about the future
- Financial management
- Monitoring performance
- Regulation and compliance
- Competencies and recruiting the right talent
- Exploding data
- Customer service
- Maintaining reputation
- Knowing when to embrace change