Divya Tej Periera, Founder, Tutrrd
Fintech and Edtech have been the sunrise sectors globally, including India, with the COVID-19 serving as an inflection point. While 2020 was all about adaption, 2021 has been more about enhancing, performance and sustenance.
Thanks to the National Education Policy and its emphasis on the importance of leveraging technology in education solution, accessibility to education and remote learning, India has been the fastest growing market in the world, beating even china.
The edtech space has seen massive disruption with companies shifting their focus towards immersive learning methods, personalization, trainings which has encouraged active participation from students thus creating better performance and strong foundation at work or school. A key selling point for most of the edtech players have been the low cost of content delivery followed by the reliable internet connectivity and tech infrastructure.
We are very bullish on the edtech sector’s growth potential in India, with ed-techs enabling students to exhibit their learning curiosity on one hand and empowering teachers on other hand, redefining their role of as edupreneurs.
In coming times, Indian edtech industry will emerge as a global capital for edtech wherein online learning will become a default option thus putting country at the centre stage.
Pratham Barot, Co-Founder and CEO, Zell Education
“This year has acted as catalyst for the edtech industry. India ranks 2nd after The United States of America to house the highest number of edtech companies in the world. With over 4,500 startups in this space there is a lot of room for innovation and growth which also makes it absolutely essential for each company to find its niche that will set it apart from the other players in the industry.
With immersive and experiential learning being the new buzzwords in the industry, it is important for companies to remember that teachers cannot be replaced by technology. In fact research says that technological solutions are more impactful when they are supported by the personalised teaching of a teacher. Having said that, learning management systems (LMS) developed by companies add great value to the overall teaching and learning experience. This is exactly what we are set to achieve with ‘Nimbus’, our in house LMS which was adopted to provide tailor made solutions to students to enhance the learning experience. With this, we want to enable students to not only have a better learning experience but also be self starters by using the models, mind-maps, case studies and other tips and tricks provided by the tool.
While this year was a great time for us to introduce new tools and services it has also allowed us to expand and set the base for the upcoming year. With our focus on providing quality education specific to the finance and accounting sector, we are set to expand our service offerings in a way that will make the teaching – learning experience even more lustrous. With the new year, we will aim to add more university partnerships and tie ups to reaching a larger audience to help them kickstart their finance/ accounting career seamlessly.
Anant Begani, Co-Founder, Zell Education
“When the pandemic hit in 2020, the entire world witnessed an intense economic landscape where all businesses addressed and adopted the new way of living digitally.However 2021 was more about companies getting digitally acclimatised to this new way of sustaining. The Indian ed-tech a sector that was so nascent till a few years ago boomed in the pandemic. The sector is expected to reach $30bn in size in the next 10 years. India’s demographical advantage is that its population is the youngest in the world and the need for re-skilling, upskilling and learning overal has become imperative and due to various factors like internet penetration, increase in demand for online learning and the shift consumer behaviour to adopt and welcome digital solutions. Indian edtechs are also playing a critical role in making the youth job-ready by providing relevant skill sets and are helping bridge the skill gap between university education and industry requirements.
Today India’s literacy rate stands at around a plus 70% from a mere 12% in 1947, which is no mean feat. With increase in the demand among the youth to pursue a career in finance, it is important for them to know what career options are available for them in continuous changing business environment globally. With the New Education Policy, universities are grabbing the opportunity to widen their offered courses by partnering with various ed-techs across the country. These Ed-tech companies are offering universities with customized online degree programs and certifications that are in sync with industry requirements. Thereby giving students access to cutting edge content, handpicked faculty and access to industry experts. Going ahead, the academic fraternity and institutions in the country must take on the responsibility towards providing global quality, cutting-edge education that will prepare our young people for a successful future.”