Before we get down to the why part, let's first understand the 'what.' So you might ask What is EdTech, and how it's playing a crucial role in the modern-day education scenario.
1. Why invest in an EdTech Franchisee?
Before we get down to the why part, let's first understand the 'what.' So you might ask What is EdTech, and how it's playing a crucial role in the modern-day education scenario. EdTech is a portmanteau of the phrase 'Education Technology.' It's a combination of IT tools and educational practices aimed at facilitating and enhancing learning. The technology helps both the learner and the tutor connect remotely, mitigating the geographical distances between them. It just doesn't end here as the power of EdTech is endless. As the pandemic first hit the beach, education landscaped witnessed a dynamic transformation to EdTech models of learning. Well, this is just the tip of the iceberg, as now institutions are planning to take their whole education model online to encourage more and more remote learning facilities. 2020 gave an immense boost to India's EdTech startups. There is no debate that EdTech learning models were gaining popularity way before that but last year just highlighted its importance. In changing the traditional architecture of education, EdTech has the power to create efficiencies, cut costs and enable new levels of standardization and democratized access. Indian EdTech startups have seen a total investment of $2.22 billion in 2020, as compared to $553 million in 2019, according to Indian Private Equity and Venture Capital Association (IVCA) and PGA Labs data. The IVCA report "The Great Un-Lockdown: Indian Edtech" stated that 92 players received funding in 2020, out of which 61 players received seed funding. Creators of the report have expressed that the Indian education sector is split into small or big segments, dominated by different players across sections. In the last few years, we have seen the development of the Edtech businesses with minimal learning opportunities for both the students and professionals. The growth of the EdTech sector has augmented with further expansion of Internet coverage across the country, especially in tier 3/4 cities and towns. The sector has likewise witnessed massive expansion with higher financial input because of the development potential of EdTech in significant parts of India. The imposed lockdown initiated to curb the spread of Covid-19 somehow also proposed the urgency of EdTech in India. Because of the developing interest, EdTech players have increased their expansion, and even new players stepped in with an innovative plan of action. Due to the increasing focus on concept-based learning for students, this new policy has outlined the importance of Edtech, both inside and outside the classroom. Looking at the growing demand for EdTech based learning platforms now is the best time to invest in an EdTech Franchisee. This rising demand will only keep on inclining from here, as the traditional models are converging, and the new educational landscape is going to be digital. Being a part of this dynamic transition can open lucrative doors to profitable online educational hubs. A clear trend is emerging as the education market has opened its arms to technology, Edtech investment has soared over the past few years. The investment comes from various sources, including non-profit organizations, venture capital, firms including Google, and online investment platforms such as Syndicate Room.
2. Status Copy
The rising popularity of EdTech businesses is reckoning the new age of education. An increase in investments and new policies by the Government indicates that the education landscape is transforming to digital, and the opportunities as we speak are unfolding rapidly day by day. Now is the best time to become a part of this Education Revolution with a profitable EdTech Franchisee. Grow your business with a lucrative EdTech opportunity. To know more on why you should be a part of it, read our blog.