EdTech Financing Isn't Taking Off in India, But These Ten Startups Are Doing Just Fine

EdTech Financing Isn't Taking Off in India, But These Ten Startups Are Doing Just Fine

TENS ACROSS THE BOARD: Tech In Asia recently reported that venture capital funding for Indian edtech companies has only reached $66 million this year, in contrast to American edtech funding, which clocked in at $98.5 million in the month of October alone. There are, however, a plucky few startups defying the odds. In an infographic, Tech in Asia details the ten Indian edtech companies who have raised $1 million or more this year. The largest round, $15 million, went to MOOC provider UpGrad. There's even a late addition: CollegeDekho raised a $1 million seed round just this week.

India's share of global edtech funding—US$3.8 billion, according to Tech in Asia—is just 1.7 percent, despite the country's significant share of the global population. Tech in Asia reports that the Indian government retains strict regulatory control over education, that sales cycles are longer than in most other countries' education systems and that institutions are generally resistant to change. Tough break.

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